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.
The steering committee headed by PM Pham Minh Chinh, with Deputy Prime Minister and Foreign Minister Bui Thanh Son, and Minister of Industry and Trade Nguyen Hong Dien serving as deputy heads.
During his reception for the Japanese Minister of Finance in Hanoi on January 8, PM Pham Minh Chinh praised Japan's effective financial support for large-scale infrastructure projects in Vietnam.