The adjustment aims for greater flexibility, with the threshold to be raised to approximately VND1 billion ($38,000) to reflect economic realities, support household businesses, and ensure budget balance.
In his recent interview with the Vietnam Government Portal (VGP), UK Ambassador to Vietnam Iain Frew affirmed that the agreement will help to liberalize trade and investment between UK and Vietnam as well as between the UK and the rest of the CPTPP members.
The streamlined government will have 14 ministries and three ministry-level agencies, a reduction of five; and five Government-affiliated agencies, down by three.
During its two-day meeting , the Party Central Committee unanimously approved proposals to revise the socio-economic development plans for 2025, aiming for a growth rate of at least 8%, with double-digit expansion expected from 2026 to 2030.