The NA, Vietnam's parliament, would cast a secret ballot for its new leader Wednesday morning. If elected, Hue will take an oath of office the same day.
On Tuesday morning, National Assembly Chairwoman Nguyen Thi Kim Ngan stepped down since she was not elected to the 13th Party Central Committee last January.
In 2016, Ngan made history by becoming the first woman appointed to lead the national legislature.
Hue, 64, a native of central Nghe An Province, has a doctorate in economics and has been an academic in Vietnam and abroad.
He was twice a member of the Party Central Committee and NA and once a member of the Politburo, the Communist Party's decision-making body.
He served at the Academy of Finance in Hanoi for 22 years, holding several senior positions including head of the Accounting Department and deputy principal of the academy in charge of training affairs.
From 1986 to 1990 he was a research fellow at the University of Economics in Bratislava, Slovakia.
He was appointed deputy head of the State Audit Office of Vietnam in July 2001 and its head in 2006.
He was minister of finance from August 2011 to May 2013 and head of the Central Economic Commission from December 2012 to April 2016, and was deputy prime minister from April 2016.
In February 2020, he became Party Secretary of the capital replacing Hoang Trung Hai, who received a warning from the Politburo for violations at state-owned steel company TISCO.
In October, he was reelected Hanoi Party Committee secretary for the 2020-2025 term.
At the ongoing NA session, scheduled to last 12 days starting Wednesday last week, Vietnam's parliament would cast votes for 25 leading positions, including NA chairperson, state president and prime minister – three of the four political pillars of the nation, the other being Party General Secretary, held by Nguyen Phu Trong for the third term as decided by the 13th Communist Party Central Committee.
Prime Minister Nguyen Xuan Phuc has been nominated to be the next president.