Asia in Focus - Vietnam: a new dawn, or business as usual?

2024-07-31

Investors in Asia are still processing the news of the sudden passing of Vietnam’s long-serving leader, Communist Party Secretary General Secretary Nguyen Phu Trong in mid-July. Trong was one of the country’s most powerful leaders in decades and had overseen the explosive growth of the Vietnamese economy – during which GDP more than doubled, Vietnam signed several significant foreign trade agreements (FTAs) and became a primary destination for investors’ China +1 strategies. He is also behind ...

Investors in Asia are still processing the news of the sudden passing of Vietnam’s long-serving leader, Communist Party Secretary General Secretary Nguyen Phu Trong in mid-July.

Trong was one of the country’s most powerful leaders in decades and had overseen the explosive growth of the Vietnamese economy – during which GDP more than doubled, Vietnam signed several significant foreign trade agreements (FTAs) and became a primary destination for investors’ China +1 strategies. He is also behind Vietnam’s aggressive anti-corruption campaign, known as the “blazing furnace”, which has taken down several very senior leaders and more recently had been a cause of real concern for foreign investors.

His passing marks the end of an era in Vietnamese politics and has many watching closely to see how Vietnam’s leadership will be structured. Angela Mancini, Partner, sits down with Steve Wilford, Partner, to discuss what the passing of Trong means for Vietnam and its business environment.

Visit www.controlrisks.com/vietnam to contact our experts for an in-depth briefing. If you are looking for more analysis across South East Asia, please visit our South East Asia hub.

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