Vietnam parliament chairman Vuong Dinh Hue to step down
The Party Central Committee has accepted the resignation of Vuong Dinh Hue, a member of the Poliburo - the country's highest decision-making body, and chairman of the National Assembly.
Vuong Dinh Hue, a member of the Poliburo and Chairman of the National Assembly, Vietnam's highest legislative body. Photo courtesy of the parliament.
Hue will also resign from the Party Central Committee, the Party Central Committee Office said in a statement on Friday afternoon after an extraordinary session.
The committee said that Hue was a key leader of the Party and the State, with a good educational background. He started at grassroots level and has since been appointed to hold important leadership positions for the Party and the State.
However, reports from the Central Inspection Committee and other relevant agencies show that Hue violated the Party members' code of conduct and regulations on the responsibility of cadres and Party members to set a good example.
Hue was a member of the Politburo and the Party Central Committee, so he had responsibility as a leader in line with Party regulations and State laws.
His violations and shortcomings "caused bad public opinion, affecting the reputation of the Party, the State, and himself".
Aware of his responsibility to the Party, the State and the people, Hue submitted his resignation, the committee stated.
After the Party Central Committee's Friday extraordinary meeting, the National Assembly - Vietnam's highest legislative body, will carry out a process to dismiss Vuong Dinh Hue.
Four days ago, Pham Thai Ha, 48, deputy head of the National Assembly Office and Hue's assistant, was arrested on charges of abusing his positions and power to influence others for personal gains.
Hue, 67, holds a PhD and doctorate in economics. His hometown is Nghi Xuan commune, Nghi Loc district, Nghe An province.
He was a member of the Politburo for the 12th and 13th terms; member of the Party Central Committee from the 10th-13th terms; and a deputy to the National Assembly from the 13th-15th terms.
Hue worked for 22 years as a lecturer and deputy principal at the Hanoi University of Finance and Accounting (now the Academy of Finance), before serving as State Auditor General (2006-2011), Minister of Finance (2011-2013), head of the Central Economic Commission (2012-2016), and deputy prime minister (2016-2020).
In February 2020, he was appointed by the Politburo as chief of the Hanoi Party Committee. In March 2021, he was elected chairman of the National Assembly.
- Read More
Vingroup starts work on $2.2 bln int'l university township in southern Vietnam
Vietnam’s conglomerate Vingroup (HoSE: VIC) on Wednesday broke ground on a VND59 trillion ($2.24 billion) international university township in Ho Chi Minh City.
Real Estate - Thu, April 30, 2026 | 12:38 pm GMT+7
Chinese firm Livzon secures control of Vietnam’s pharma giant Imexpharm in $228 mln deal
Lian SGP Holding Pte. Ltd., a Singapore-based entity wholly owned by China’s Livzon Pharmaceutical Group Inc., has acquired a controlling stake in Vietnam’s pharma giant Imexpharm (HoSE: IMP) following a public tender offer.
Companies - Thu, April 30, 2026 | 12:22 pm GMT+7
Sun Group partners with Keppel to drive green transition across tourist places
Vietnam’s leading real estate developer Sun Group has signed a strategic partnership with Keppel EaaS Vietnam, part of Singapore’s Keppel Ltd., to accelerate energy optimization and decarbonization across its tourism destinations.
Real Estate - Thu, April 30, 2026 | 10:42 am GMT+7
'Shark Hung' unexpectedly resigns from real estate brokerage Cen Land ahead of AGM
Pham Thanh Hung, widely known as “Shark Hung”, has stepped down from the board of directors at Century Real Estate JSC (Cen Land) - a major Vietnamese real estate brokerage, citing "personal plans".
Companies - Thu, April 30, 2026 | 10:32 am GMT+7
Japanese FDI in Vietnam: From manufacturing hub to strategic capital flows
Japanese investment in Vietnam is shifting away from a factory-led model toward a long-term ecosystem spanning manufacturing, energy, industrial parks, retail, and banking-financial services.
Economy - Thu, April 30, 2026 | 7:11 am GMT+7
Keppel files arbitration against partners in $1.2 bln southern Vietnam project
Singapore conglomerate Keppel Ltd. has initiated arbitration proceedings against three partners in a $1.2 billion residential and mixed-use urban project in Vietnam’s southern metropolis hub of Ho Chi Minh City.
Real Estate - Wed, April 29, 2026 | 9:54 pm GMT+7
Vietnam to secure 4 mln oil barrels from Japan's Idemitsu
Japanese petroleum giant Idemitsu Kosan will provide Vietnam with about four million barrels of crude oil procured through routes that do not transit the Strait of Hormuz, Nikkei reported on Monday.
Industries - Wed, April 29, 2026 | 4:04 pm GMT+7
Central Vietnam hub Danang approves land lease for $200 mln AI-ready data center project
The Danang People's Committee has approved a land lease to MCB Decenter Co. Ltd. for the AIDC Decenter data center project, covering 10,000 square meters at the Danang Hi-Tech Park in Lien Chieu ward.
Companies - Wed, April 29, 2026 | 3:45 pm GMT+7
Vietnam corporate bond flows concentrate among large corporations
Vietnam’s private corporate bond market has shown signs of recovery in the first four months of 2026, led by real estate issuers, though capital flows remain heavily concentrated among a handful of large corporations.
Finance - Wed, April 29, 2026 | 2:55 pm GMT+7
Previously invested projects will refill cash flow for Vietnam major builder CII’s next growth leg: CEO
Le Quoc Binh, CEO of Ho Chi Minh City Infrastructure Investment JSC (HoSE: CII), likened the company to a marathon runner that cannot keep running nonstop and at times must stop for “water,” recover strength and continue, with that “source of water” coming from property projects the company has already invested in.
Companies - Wed, April 29, 2026 | 1:22 pm GMT+7
Vietnam approves southern industrial hub Dong Nai as seventh centrally-governed city
The National Assembly, Vietnam's legislative body, has approved a resolution to establish Dong Nai as a centrally-governed city, making it the country’s seventh such municipality.
Economy - Wed, April 29, 2026 | 9:46 am GMT+7
Vietnam food giant Kido’s stock plunges to 6-year low amid profit warning, market pressure
KDC shares of Kido Group, a leading food company in Vietnam, on Tuesday fell sharply to its lowest level in six years, at around VND41,600 ($1.58) apiece, from roughly VND50,000 earlier this month.
Companies - Wed, April 29, 2026 | 8:17 am GMT+7
Central Vietnam province Gia Lai to have 600MW pumped storage hydropower plant
Gia Lai province is accelerating procedures to begin construction of the 600-megawatt Vinh Thanh pumped storage hydropower project, with a total investment of nearly VND11 trillion ($417.49 million).
Energy - Tue, April 28, 2026 | 10:07 pm GMT+7
Construction major Coteccons's profit doubles on strong revenue growth, backlog hits record high
Coteccons (HoSE: CTD), Vietnam's leading construction firm, reported a sharp rise in profit for the third quarter of its 2025-2026 fiscal year, driven by strong construction revenue, even as borrowing costs and operating expenses climbed.
Companies - Tue, April 28, 2026 | 7:03 pm GMT+7
Vietnam aims to become one of world’s top 30 economies by 2030
The National Assembly, Vietnam's legislature, has approved the socio-economic development plan for the 2026-2030 period, targeting an average GDP growth rate of at least 10% per year and per capita income reaching around $8,500 by 2030.
Economy - Tue, April 28, 2026 | 6:41 pm GMT+7
Eximbank posts Q1 profit of $13 mln, down 60% year-on-year
Vietnamese private lender Eximbank reported Q1 pre-tax profit of VND338 billion ($12.83 million), down 60% from a year earlier.
Banking - Tue, April 28, 2026 | 3:19 pm GMT+7


















