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Edmund Malesky Comments on Vietnam Communist Party Leadership

Vietnam's Ruling Party Backs Dung for Second Term as Inflation Risk Rises

01/18/2011
Bloomberg News

Vietnam’s Prime Minister Nguyen Tan Dung is set to serve a second term after the Communist Party elected him to its highest body, a selection welcomed by investors who say he’ll promote policies to curb inflation and shore up government finances.

The Communist Party’s Central Committee re-appointed Dung to the 14-member governing Politburo, Politburo member Truong Tan Sang said today. National Assembly chairman Nguyen Phu Trong was chosen as the party’s new leader. The selection paves the way for Dung to win another five-year term as premier when the National Assembly meets in May.

Dung’s return “would be good for the market overall,” Ngo The Trieu, who oversees $1.1 billion as head of public investment at Prudential Vietnam Fund Management Co., said by phone. “The risks are now well recognized by the government.”

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Edmund Malesky can comment on political development in Vietnam and China, as well as comparative political economy in Southeast Asia. He also can provide insight into the choices underlying the decisions of foreign investors and thereby the globalization debate, especially in regard to the discussion of "sweatshops" in developing countries.

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