Vietnam's new leaders will prioritise economy

Significance

CPV members will elect a 200-person Central Committee, which in turn will elect a Politburo, the party's highest-ranking body. It is widely expected that Nguyen Phu Trong will step down as CPV general secretary, as party rules limit senior officials to two terms in office.

Impacts

• Vietnam will promptly ratify the Regional Comprehensive Economic Partnership, which it signed with 14 other countries in November.
• Hanoi will count on the United States dialling down pressure over trade-related disagreements during Joe Biden's presidency.
• Vietnam will continue to attract foreign investors looking to relocate capital from China.