Vietnam's number of ministries to drop by 5 in major reshuffle
The Vietnamese government is set to reshuffle its apparatus by reducing the number of ministries by five, while the parliament will have the tally of its committees cut by four.
The information was disclosed by Le Minh Hung, head of the Party Central Committee's (PCC) Organization Commission, at a conference hosted by the Politburo and the PCC's Secretariat on Sunday.
Hung reported that the government is considering mergers of several ministries and government agencies.
Accordingly, the Ministry of Planning and Investment is planned to merge with the Ministry of Finance, while the Ministry of Transport will merge with the Ministry of Construction.
The Ministry of Information and Communications will merge with the Ministry of Science and Technology to perform state management tasks related to science, technology, and digital transformation.
Some of the Ministry of Information and Communications' duties will be handed over to the Ministry of Culture, Sports and Tourism, the Ministry of Education and Training, and other relevant bodies.
Other proposed mergers include the Ministry of Natural Resources and Environment with the Ministry of Agriculture and Rural Development, executing state management tasks related to agriculture, natural resources and the environment.
The Ministry of Labor, Invalids, and Social Affairs will be dissolved, with its duties transferred to the Ministry of Home Affairs, the Ministry of Education and Training, the Committee for Ethnic Minority Affairs, and related agencies.
The Commission for Management of State Capital at Enterprises and the National Financial Supervisory Commission will cease operations, with their duties going to the Ministry of Finance, the State Bank of Vietnam, and other relevant entities.
The government is also considering dissolving some agencies under ministries, and in the immediate future, rearrange agencies like the State Treasury, General Department of Taxation, General Department of Vietnam Customs, Vietnam Social Security, Market Management Agency, and others, and dissolving some.
Hung also revealed that the National Assembly is preparing to reduce the number of its committees.
The Economic Committee will merge with the Finance-Budget Committee, while the Committee for Social Affairs will merge with the Culture-Education Committee. The Committee for Judicial Affairs and the Committee for Legal Affairs will also be merged.
The Foreign Affairs Committee will cease operations, and its duties will be transferred to the Ministry of Foreign Affairs and other relevant bodies of the National Assembly.
- Read More
Vietnam stock market likely to move sideways in H1/2025: expert
Vietnam’s stock market is expected to face challenges in the first half of 2025 after achieving growth for the second consecutive year in 2024, says Tran Hoang Son, director of Market Strategy at VPBank Securities JSC.
Finance - Thu, January 2, 2025 | 9:58 am GMT+7
Vietnam economy overcomes challenges, thrives in 2024: HSBC economist
Vietnam’s economy has successfully navigated challenges and achieved significant growth in 2024, thanks to strong economic fundamentals and government support for key domestic sectors, says Yun Liu, ASEAN market economist at HSBC.
Economy - Thu, January 2, 2025 | 8:48 am GMT+7
Singapore’s Sembcorp to acquire 49 MW hydropower asset in Vietnam in H1/2025
Singapore’s giant Sembcorp Industries is set to complete the acquisition of a 49 MW hydroelectric asset in Vietnam in the first half of 2025, the firm said in a Wednesday statement.
Energy - Thu, January 2, 2025 | 8:00 am GMT+7
Top 10 highlights of Vietnam’s 2024 stock market landscape
Foreign investors net sold to the tune of nearly VND90 trillion ($3.53 billion) in 2024, four times the amount seen in 2023. This is one of the highlights of the Vietnamese stock market landscape in 2024.
Finance - Wed, January 1, 2025 | 10:09 pm GMT+7
Durian, rice record export breakthroughs in 2024
Durian, rice, coffee, and forestry products made strong impressions in terms of exports in 2024, driven by a strategic approach to production, market expansion, and record price hikes.
Economy - Wed, January 1, 2025 | 4:13 pm GMT+7
Da Lat town vegetable hotpot warms hearts of the foodies
Da Lat has long been renowned across the nation as a paradise of flowers and organic vegetables, particularly for its vegetable hotpot, a quintessential cuisine carrying a richness of fresh flavours. It looks as good as it tastes.
Travel - Wed, January 1, 2025 | 4:01 pm GMT+7
Vietnam to amend power development plan VIII
Vietnam’s Ministry of Industry and Trade is drafting amendments to the Power Development Plan VIII (PDP VIII) for submission to the Prime Minister by February 28.
Energy - Wed, January 1, 2025 | 3:05 pm GMT+7
Vietnam poised for success in global exports: StanChart exec
Vietnam is well-positioned to capture an increasing share of the global manufacturing and export market, bolstered by its strong integration into international trade through numerous FTAs, says Nguyen Thuy Hanh, Standard Chartered Vietnam’s CEO.
Economy - Wed, January 1, 2025 | 11:18 am GMT+7
Three culinary destinations in Vietnam's top hotels honored by Travel + Leisure
The prestigious US travel magazine Travel + Leisure has announced its list of best restaurants and bars in Vietnam winning the Tastemakers 2024 Awards, three of which are located in top regional hotels.
Travel - Wed, January 1, 2025 | 11:03 am GMT+7
Vietnam retail sector leads earnings growth in Q4: broker
The total earnings across all sectors in Vietnam are expected to rise by 20% year-on-year in Q4/2024, with retail projected to lead the growth, forecasts local securities firm Agriseco.
Companies - Wed, January 1, 2025 | 10:02 am GMT+7
Hanoi eyes more urban railways, second airport in updated master plan
Hanoi plans to build additional urban railways and a second airport in its southern part under an updated master plan to 2045 with vision until 2065.
Economy - Wed, January 1, 2025 | 9:16 am GMT+7
Samsung Display's investment the biggest FDI project licensed in Vietnam in 2024
Samsung Display Vietnam's (SDV) $1.8 billion project in the northern province of Bac Ninh is the biggest foreign-invested project licensed in Vietnam in 2024.
Economy - Wed, January 1, 2025 | 8:00 am GMT+7
Malaysia's EV market expected to gain momentum in 2025
Malaysia's electric vehicle (EV) market is expected to gain momentum in 2025, driven by localisation investments and new models from local automakers, Xinhua news agency said, citing many analysts.
Southeast Asia - Tue, December 31, 2024 | 11:37 pm GMT+7
Thailand to become official partner of BRICS in January
Thailand will become an official partner of BRICS from January 1, the Thai Ministry of Foreign Affairs said on Monday.
Southeast Asia - Tue, December 31, 2024 | 11:36 pm GMT+7
Thailand intensifies work against corporate fraud
Thailand plans new measures to be in place starting January 1, requiring thorough checks against the list of high-risk individuals for all business registrations.
Southeast Asia - Tue, December 31, 2024 | 11:33 pm GMT+7
Former CEO of Vietnam's leading jewelry SJC arrested for power abuse
Le Thuy Hang, former CEO of Saigon Jewelry Company Limited (SJC), Vietnam's leading jewelry maker, has been arrested for “abusing positions and power while on duty".
Society - Tue, December 31, 2024 | 8:46 pm GMT+7