Vietnamese president Nguyen Xuan Phuc resigns amid major anti-corruption purge

Vietnamese president Nguyen Xuan Phuc resigned on January 17, 2023, after state media said he was allegedly held responsible for “violations” and “wrongdoing” by junior officials. Two officials who served under Phuc were dismissed in early January as part of the communist party’s anti-corruption purge. It is not immediately clear who would replace Phuc, but some political analysts predict the leadership reshuffle will cause instability and rattle foreign investors.