Hanoi: To Lam has been elected as Vietnam's leader for a second term. To Lam was reappointed as General Secretary of the Communist Party on Friday after the Central Committee unanimously voted for him to continue leading the country for another five years. He pledged to accelerate economic growth in the country, which is heavily reliant on exports. According to Thai News Agency, in Vietnam's one-party system, 68-year-old To Lam was elected to the country's most powerful position by all 180 party officials from the newly formed committee at the end of the Communist Party's five-yearly congress. In his address to the Communist Party Congress, President To Lam stated that he would maintain unity within the party while acknowledging the great task ahead. His re-election for a second term is seen as a positive signal to foreign investors, who often point to political stability as a key factor in attracting investment to Vietnam. In addition to his position as party secretary-general, To Lam is also attempting t o hold the presidency, a decision expected to be made later. However, Le Hong Hiep, a senior scholar from the ISEAS Yusof Ishak Institute, cautioned that this attempt to hold two top positions, a model similar to that of China's President Xi Jinping, could impact Vietnam's political system, which traditionally emphasizes co-leadership and internal checks and balances. Earlier this week, Prime Minister To Lam addressed party representatives, promising to push the country's economic growth rate above 10 percent annually until the end of this decade. This is a very ambitious goal, considering the World Bank's forecast that Vietnam's economy will grow at an average of 6.5 percent this year and next.