Singapore’s The Straits Times and Thailand’s Bangkok Post and Kaohoon International described the Vietnamese National Assembly (N.A.)’s approval of the apparatus restructuring plan as a major shift. The Vietnamese authorities are pushing forward with the initiative to cut state budget expenditures and enhance the system's efficiency. According to authors from these news outlets, the public strongly backs the reform, as a streamlined state apparatus will help Vietnam pursue its ambitious growth targets.

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Prime Minister Pham Minh Chinh chairs the 11th meeting of the Steering Committee for streamlining the Government's apparatus. 

Both The Straits Times and the U.S.’s Bloomberg noted that the plan has also been well welcomed by investors. While minor administrative delays may occur in the short term, the Vietnamese Government has assured that the reform will not disrupt the approval of projects.

Analysts highlighted that Vietnam’s move comes at a time when several governments worldwide, including those led by U.S. President Donald Trump and Argentinian President Javier Milei, are also implementing aggressive cost-cutting measures in both the public and private sectors.

On February 18, at the N.A.’s 9th extraordinary session, lawmakers voted to approve two resolutions on the Government’s organizational structure for the N.A’.s 15th term. Accordingly, the Government will consist of 14 ministries and three ministerial-level agencies - five fewer than at the start of the term. This restructuring results from the mergence of ministries and agencies with overlapping functions.

Source: VNA