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Vietnam Appoints Army General Luong Cuong as New President

  • Vietnam

Key Takeaways

  • On October 21, General Luong Cuong was unanimously elected as Vietnam’s new president, making him the fourth person to hold the office since 2021.
  • As president, Luong Cuong will likely continue Vietnam’s active engagement with foreign partners, prioritizing economic development and investment, particularly in strategic sectors such as energy, real estate and high-tech, while balancing these with national security concerns.
  • Luong Cuong’s military background is significant, as it is expected to restore the balance of power in Vietnam’s top leadership, which had been dominated by officials with a police background.
  • Following recent leadership reshuffles, Vietnam’s top “four pillars” are now firmly in place, fostering expectations of political stability that could boost confidence among the business community and foreign investors ahead of the 2026 Party Congress.
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