webfact Posted November 12, 2020 Share Posted November 12, 2020 Vietnam confirms Nguyen Thi Hong as new central bank governor FILE PHOTO: Men ride motorcycles past the State Bank of Vietnam building in Hanoi June 11, 2013. REUTERS/Kham HANOI (Reuters) - Vietnam's National Assembly, the country's lawmaking body, on Thursday ratified the appointment of Nguyen Thi Hong as the country's central bank governor. Hong, 52, replaced Le Minh Hung, who was appointed to a senior role in the ruling Communist Party. The appointment of Hong, who has worked at the central bank since 1991 and became deputy governor in 2014, was widely anticipated and Reuters last month reported the possibility of the move. Hong will face challenges of containing bad debt in the banking system triggered by the COVID-19 pandemic and an ongoing investigation by the United States into whether Vietnam had been undervaluing its dong currency. (Reporting by Khanh Vu; Editing by Martin Petty) -- © Copyright Reuters 2020-11-12 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
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