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.
Covering a total area of 20,000 hectares, the economic zone will become a leading maritime economic center with complementary and interconnected functions.
The Government will reduce its organizational structure from 30 to 21 administrative bodies under a resolution on streamlining and optimizing the political system.