Vietnam set to elect new PM next week
VOV.VN - Lawmakers began the process of relieving incumbent Prime Minister Nguyen Xuan Phuc of his post on April 1 and are scheduled to elect a new Government leader on April 5.
Representing the State, President Nguyen Phu Trong presented a report on April 1 which relieves PM Phuc of his post following the successful completion of his 2016 - 2021 tenure.
Deputies at the ongoing session of the National Assembly (NA) then debated the report, with the results scheduled to be announced by the NA Standing Committee on April 2.
Following this, deputies will then hold a vote by secret ballot on the same day.
The past five years has seen PM Phuc and his assistants within the Cabinet work hard in order to help the nation get through numerous turbulent periods and record a range of important achievements.
Most notably, Government leaders made 570 working trips to localities and agencies nationwide in order to address shortcomings and devise suitable solutions.
The Government has gradually finalised the socialist-oriented market economy mechanism and perfected legislation, with priority given to mobilising resources for national development and ironing out any potential snags.
The past term has also seen the Government remain steadfast in its overall goal of maintaining macroeconomic stability, reigning in inflation, ensuring major balances, and creating a favourable environment for economic growth.
At present, Vietnamese foreign exchange reserves have reached approximately US$100 billion, a record high figure, while its public debt to GDP ratio has witnessed a considerable drop from 64.5% at the beginning of its tenure to 55.3% at present.
Lawmakers are scheduled to elect a new Prime Minister on April 5, with the new Government leader set to take an oath on the same day.