He is a member of the Politburo (13th and 14th tenures), a member of the Party Central Committee (12th, 13th and 14th tenures), Secretary of the Party Central Committee (13th and 14th tenures), and a deputy to the National Assembly (15th and 16th tenures).
From April 2016 to October 2020, he served as Governor of the State Bank of Vietnam. He was Chief of the Office of the Party Central Committee from October 2020 to January 2021.
At the 13th National Party Congress in January 2021, he was re-elected to the Party Central Committee and subsequently elected to the Secretariat.
In May 2024, he was elected to the Politburo. From May to October 2024, he served as Head of the Party Central Committee’s Organization Commission.
On April 7, 2026, he was elected Prime Minister of Vietnam by the National Assembly.
