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Update news restructuring
National Assembly Vice Chair Nguyen Thi Thanh has called for robust and even exceptional policies to encourage civil servants with 2–4 years left until retirement to step aside, allowing space for young, well-trained cadres to strengthen the system.
Dr. Nguyen Si Dung advocates for integrating technical expertise into leadership roles as Vietnam streamlines its political apparatus.
Vietnam plans to merge its Information-Communications and Science-Technology ministries, aiming to create a stronger body to lead national digital transformation efforts.
Vietnam’s state budget struggles to balance revenues and spending, with over VND 1 quadrillion ($41.67 billion) annually allocated to maintaining the administrative apparatus.
Prime Minister Pham Minh Chinh has mandated the effective implementation of plans to streamline and restructure government agencies, urging ministries to cut internal units by a minimum of 15%.
With administrative reform underway, Vietnam prepares a comprehensive policy framework to downsize government operations while maintaining public sector excellence.
At a workshop on streamlining governance, experts argued that centralized decision-making undermines Ministerial authority and creates inefficiencies in Vietnam's administration.
Vietnam’s plan to merge the Ministry of Information and Communications with the Ministry of Science and Technology marks a pivotal step toward advancing digital transformation and streamlining government operations.
The Party Central Committee and National Assembly will meet in early 2025 to approve measures aimed at reducing redundancies in administrative machinery.
Despite decades of high growth, Vietnam remains at risk of falling into the middle-income trap, highlighting the need for visionary leadership and innovative policies.
As Vietnam moves toward a more streamlined governance system, the Prime Minister has directed that restructured agencies maintain names reflecting their missions and heritage.
As part of a comprehensive reorganization, HCM City will consolidate its administrative and party structures, reducing 24 Party Committees and multiple government departments.
At a Government meeting on legislative development, the Prime Minister outlined key directives to remove obstacles, promote transparency, and foster economic growth.
Vietnam’s government is undergoing a major restructuring, reducing its ministries from 30 to 21 as part of a sweeping plan to streamline operations and improve efficiency by 2026.
The Government has sketched out a plan to restructure its media organisations in a strategic move to optimise its operation, according to the Ministry of Home Affairs Pham Thi Thanh Tra.
Having been driven onto the right track, unprofitable state-owned economic groups and general corporations, informally called ‘iron fists’, thanks to their important role in the economy, have recovered strongly.
At Sacombank’s annual general meeting held on June 5 its permanent vice chairman Pham Van Phong said that in 2019 the bank’s pre-tax profit increased by 43.2 per cent to VND3.2 trillion (US$137.5 million), which was 21.4 per cent above the target.
Foreign investors are speeding up the restructuring and reallocation of their production networks globally, with Vietnam considered a bright candidate for investment given its location within the world’s most dynamically-developing region.
A master plan to streamline the central Government by trimming down ministries will be developed and determined in 2020, according to Minister of Home Affairs Le Vinh Tan.
The public capital must be allocated based on market principles, said an expert.