The country’s ruling communist party wrapped up its grand meeting last week with a new leadership body. Experts said this was not surprising. The meeting prompted the reshuffling of familiar high-ranking members, with Nguyen Phu Trong being chosen as the new party leader, as expected, The Associated Press says. The leaders were elected in a closed-door meeting of Communist party elites and without input from the Vietnamese public, the news agency says. This new roster of leaders will be facing a range of economic problems, including a weak currency, huge trade deficits and a double-digit inflation that has been driving up food prices.

    Meantime, Vietnam has signed a cooperation deal with Japan to explore ways to use nuclear energy for peaceful purposes.

    About the author

    • Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.