Two deputy prime ministers to leave their positions
The Party Central Committee has decided to let Standing Deputy Prime Minister Pham Binh Minh and Deputy Prime Minister Vu Duc Dam resign from their positions.
On Friday, the committee voted and agreed to let Minh resign from the positions of Politburo member and Party Central Committee member. It also voted and agreed for Dam to resign from the position of Party Central Committee member.
The committee also gave opinions for the Politburo, the Party's premier decision-making body, to make personnel recommendations to the National Assembly for the 2021-2026 term.
The government has four deputy prime ministers for the 2021-2026 term, including Pham Binh Minh, Le Minh Khai, Vu Duc Dam, and Le Van Thanh. Given the Party Central Committee's decision, the government will have only two deputy prime ministers who are also Party Central Committee members.
Standing Deputy PM Pham Binh Minh (R) and Deputy PM Vu Duc Dam. Photo courtesy of Zing magazine.
As planned, on January 5, the 15th National Assembly's second extraordinary session will open to consider a number of urgent issues including personnel affairs.
An announcement from the Party Central Committee did not mention the reasons behind its decisions.
Previously, on September 27, Nguyen Quang Linh, assistant to Standing Deputy Prime Minister Pham Binh Minh, was arrested for allegedly accepting bribes related to repatriation of Vietnamese citizens during the pandemic crisis. Linh, 48, was prosecuted and detained by the Ministry of Public Security's investigative agency per the Penal Code.
On December 16, Nguyen Van Trinh, assistant to Deputy PM Vu Duc Dam, was expelled from the Communist Party due to "ideological and political deterioration, and accepting bribes" in the Viet A Covid test kit scam.
Trinh was arrested on November 30 for allegedly influencing the Ministry of Health's decision to grant a circulation permit for Viet A Company's Covid-19 test kits.
On Friday, the Party Central Committee also decided to expell Tran Dinh Thanh, a former Party Central Committee member, former Secretary of Dong Nai's Party Committee, and former chairman of the southern province's People's Council, from the Communist Party.
- Read More
Petrovietnam arm to venture into CO2 transportation, seabed minerals, geothermal
PVEP, the upstream arm of state giant Petrovietnam, plans to expand into new fields such as CO2 transportation and disposal (carbon capture, utilization, and storage), coal gas and underground mineral research, seabed minerals, and geothermal.
Investing - Tue, November 25, 2025 | 3:08 pm GMT+7
Impact of rising exchange rates in Vietnam
Mirae Asset Securities analysts offer an insight into the impact of rising exchange rates on companies in Vietnam in a report dated November 21.
Economy - Tue, November 25, 2025 | 1:35 pm GMT+7
Vietnam's industrial park developers post strong earnings as tenant demand rebounds
Vietnam’s industrial real estate sector is showing stronger earnings and improving demand, with foreign tenants resuming lease negotiations after U.S. tariff policies became clearer, according to a brokerage report.
Industrial real estate - Tue, November 25, 2025 | 11:07 am GMT+7
Vietnamese export stocks under the radar despite strong earnings
Investor caution over tariff risks and the slowdown of major economies has prevented Vietnamese export stocks from making a strong price recovery.
Finance - Tue, November 25, 2025 | 8:44 am GMT+7
Indonesia plans 7 initial waste-to-energy plants next year
Indonesia will start the construction of seven waste-to-energy power plants in 2026 as the first step to develop 33 such facilities by 2029.
Southeast Asia - Mon, November 24, 2025 | 9:23 pm GMT+7
Malaysia predicted to be ASEAN’s second-fastest-growing economy, after Vietnam
Malaysia is poised to become the second-fastest-growing economy in the Association of Southeast Asian Nations (ASEAN) after Vietnam, data showed.
Southeast Asia - Mon, November 24, 2025 | 9:19 pm GMT+7
Thailand SCG-backed Bien Hoa Packaging plans delisting from HCMC bourse
Bien Hoa Packaging JSC, a 57-year-old manufacturer in Vietnam, plans to scrap its public-company status and delist from the Ho Chi Minh Stock Exchange (HoSE) as its free float fell below the minimum threshold under local securities law.
Companies - Mon, November 24, 2025 | 9:06 pm GMT+7
Real estate, industrials sectors lead in October M&A value in Vietnam
Grant Thornton analysts provide an insight to capital flows, the sectors attracting investor attention, and the market dynamics influencing the merger and acquisition (M&A) landscape in Vietnam in October.
Economy - Mon, November 24, 2025 | 4:39 pm GMT+7
Tobacco giant Vinataba to sell entire stake in instant noodle maker Colusa-Miliket
State-owned Vietnam National Tobacco Corporation (Vinataba) plans to divest its entire 20% stake in Colusa-Miliket, the company behind the iconic “Miliket” (two-shrimp) instant noodle brand, seeking to raise at least VND114 billion ($4.32 million).
Companies - Mon, November 24, 2025 | 4:10 pm GMT+7
VinSpeed cannot participate in North-South high-speed rail project under PPP model: exec
Pham Nhat Vuong, founder of VinSpeed High-Speed Rail Investment and Development JSC, has mapped out a clear 30-year financing plan for the gigantic North-South high-speed rail project, said an executive at Vingroup, a VinSpeed investor.
Infrastructure - Mon, November 24, 2025 | 3:51 pm GMT+7
Delivery major Viettel Post plans $21 mln logistics center in central Vietnam
Viettel Post, the courier arm of military-run telecom giant Viettel, has completed a site survey for a planned 21-hectare logistics center in the central province of Ha Tinh, with an estimated investment of nearly VND550 billion ($20.87 million).
Industries - Mon, November 24, 2025 | 11:49 am GMT+7
Honda Mobilityland eyes 600-ha sports, entertainment, tourism complex in southern Vietnam
Honda Mobilityland Corporation, a subsidiary of Japan’s Honda Motor Co., plans to build an international circuit in Tay Ninh province, towards developing a 600-hectare sports, entertainment, and tourism complex there.
Industries - Mon, November 24, 2025 | 11:23 am GMT+7
State-controlled shipping line Vosco steps up coal trading to seek new revenue drive
Vietnam Ocean Shipping JSC (Vosco), controlled by the state-run Vietnam Maritime Corporation, is moving deeper into coal trading as the shipping line increasingly bids for large import contracts for thermal power plants, marking a push beyond its core maritime transport business.
Companies - Mon, November 24, 2025 | 8:36 am GMT+7
Vietnam SOEs need tailored mechanisms, greater autonomy to accelerate tech investment, innovation: execs
Vietnam's state-owned enterprises (SOEs) need flexible, tailored mechanisms to make rapid decisions, maintain a leading role, drive innovation, and boost competitiveness, said company executives.
Companies - Sun, November 23, 2025 | 8:16 pm GMT+7
Café Amazon retreats, Mixue scales down in Vietnam over intense competition
Vietnam’s food and beverage (F&B) sector is seeing a wave of closures and market exits as rising competition and shifting consumer preferences squeeze profit margins.
Economy - Sun, November 23, 2025 | 2:36 pm GMT+7
Vietnam Education Publishing House strengthens cooperation with Malaysia’s Pelangi Publishing Group
Vietnam Education Publishing House (VEPH) met with Malaysia’s Pelangi Publishing Group in mid November to expand professional exchange and explore deeper cooperation in educational publishing.
Companies - Sun, November 23, 2025 | 12:21 pm GMT+7


















