Vietnam: What Tô Lâm’s power centralization means for German companies

Vietnam’s consolidation of power in the offices of party chief and state president strengthens centralized decision-making and accelerates state action. For international companies, that creates opportunities – but also uncertainty.

08. April 2026
Tô Lâm
Tô Lâm is now Secretary-General and Head of State. (Imago)

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Last updated: 08. April 2026