" The ruling Communist Party has accepted his resignation, citing the negative impact of his actions on the party's reputation.

President Thuong's resignation is the second in two years, reflecting an intensified anticorruption campaign that has resulted in the dismissal of numerous senior politicians and the prosecution of top business leaders involved in fraud and corruption scandals.

The Vietnamese Communist Party issued a statement on Wednesday, acknowledging the acceptance of Thuong's resignation and highlighting the tarnished reputation caused by his alleged violations. While the statement did not specify the nature of his shortcomings, they are presumed to be related to the ongoing anti-bribery campaign aimed at eradicating pervasive corruption.

Although the crackdown has received praise for its efforts in rooting out corruption, foreign investors and diplomats have raised concerns about the campaign's impact on decision-making processes, adding to the existing bureaucratic challenges in the country.

Rumors of Thuong's impending removal from office had been circulating for weeks before his resignation, which coincided with a special session of Vietnam's parliament dedicated to "personnel matters."

The timing of the resignation also coincided with the arrest of a former head of Quang Ngai province, where Thuong had served as party chief. The arrested official faced corruption charges from a decade ago, suggesting a potential connection to President Thuong's alleged shortcomings.

Moreover, Thuong's previous role as a senior party official in Ho Chi Minh City has drawn attention due to an ongoing trial for a massive financial scam in the city. Thuong's resignation may further highlight the government's determination to tackle corruption, especially within its own ranks.

Vo Van Thuong assumed the presidency last year, succeeding former President Nguyen Xuan Phuc, who also resigned amid allegations of "violations and wrongdoing" committed by officials under his jurisdiction. Thuong, known for his commitment to fighting corruption, was perceived to be an ally of the powerful party General Secretary Nguyen Phu Trong.

As Vietnam continues its efforts to combat corruption, the resignation of President Thuong underscores the government's resolve to uphold transparency and accountability. The nation faces the challenge of maintaining economic growth and attracting foreign investment while effectively addressing corruption issues that have long plagued the country's bureaucratic system.