Vietnam parliament names Nguyen Van Thang new finance minister

Vietnam's National Assembly on Thursday approved the appointment of the country's former transport minister Nguyen Van Thang as its new finance minister.

Thang replaces former finance minister Ho Duc Phoc, who had earlier been promoted to deputy prime minister, reported online newspaper VnExpress.

Thang's finance ministry is expected to oversee the arrangement of funds for key projects, including a $67-billion high-speed railway along the country's length, its largest ever infrastructure project.