Ex-SBV chief nominated as prime minister

Former governor of the State Bank of Vietnam (SBV), Nguyen Tan Dung, has been nominated as the next prime minister of Vietnam.

Prime Minister Phan Van Khai told reporters on Tuesday that he has asked to step down from his post and has recommended Mr Dung, who is his deputy, for the job.

"I'm more than 70 years old. I should retire for a younger leader," said Khai, 72, who has served two five-year terms.

Dung, 56, lead the State Bank of Vietnam from 1998 to 1999.

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