Vietnam's Anti-Graft Campaign Sparks Political Turmoil and Economic Challenges

Vietnam's parliament appointed new deputy prime ministers and ministers amid political turbulence and an anti-graft campaign. High-profile resignations have occurred, including the president and parliament chairman. The anti-corruption drive, 'Blazing Furnace,' has improved rankings but caused economic instability and investor concerns, delaying reforms and foreign investment.

In a dramatic government reshuffle, Vietnam's parliament has appointed three new deputy prime ministers along with new environment and justice ministers amid ongoing political turbulence. These changes follow significant resignations and accusations of corruption as the country intensifies its sweeping anti-graft campaign.

A wave of high-profile resignations has rocked the political scene. Notably, president Nguyen Xuan Phuc quit in January 2023 amid serious allegations, kicking off a series of departures. His successor Vo Van Thuong resigned just a year into his term, while parliament chairman Vuong Dinh Hue also stepped down soon after.

The anti-graft campaign, named 'Blazing Furnace,' initiated by late party leader Trong, has aimed to curb corruption but has also raised concerns over political stability. It has impacted economic reforms, foreign investment, and created administrative delays, causing significant economic challenges and investor apprehension.

(With inputs from agencies.)