By Reuters Staff 4 Min Read HANOI (Reuters) - After Vietnam’s ruling Communist Party chief was elected for a rare third term in January, Vietnam on Monday confirmed the nomination of a new president and prime minister to head one of Asia’s fastest growing economies for the next five years. Vietnam's President Nguyen Phu Trong greets media at a news conferance after he is re-elected as Communist Party's General Secretary for the 3rd term after the closing ceremony of 13th national congress of the ruling communist party in Hanoi, Vietnam February 1, 2021. REUTERS/Kham Vietnam has no paramount ruler and is officially led by four “pillars”: the powerful General Secretary of the Communist Party, a largely ceremonial president, a governing prime minister and the chair of its National Assembly.