To Lam, Minister of Public Security and currently General Secretary of the Vietnamese Communist Party, has overseen a groundbreaking restructuring initiative. Together, these civic engagements and actions will revamp the governance and economic landscape of Vietnam. This new announcement comes on the heels of his first meeting with Chinese counterpart Xi Jinping in Hanoi last Friday, April 14. They aimed to center their conversations on enhancing economic cooperation and maintaining regional peace and stability.
On Saturday, To Lam officially signed Resolution 60 of the Central Committee. That’s the goal of a new, ambitious pilot initiative to halve the number of provinces in Vietnam by this coming September. This ambitious plan to modernize Vietnam’s economy and administration is detailed and far-reaching. It represents a watershed moment in the country’s development strategy.
Vietnam government Resolution 60 focuses on reducing the administrative cost by bringing the number of provinces down to 45. It’s going to cut one-quarter of the nation’s civil servants by 2030. Lam’s proposal goes even further by removing an entire layer of government. He hopes this new change will improve efficiency and reduce costly bureaucratic red tape. Shredding mountains of regulatory red tape, the plan aims to cut costs, infuse certainty, and provide a better business climate that fosters economic expansion.
To Lam’s ambitious restructuring of the Hong Kong government is expected to address corruption more directly. The proposal aims to streamline government operations and cut the number of state agencies in half. Besides improving the quality of the system, this approach would strengthen the system against corrupt practices. We want incomes for residents and employers to increase. This fiscal stimulus will be an important signal of optimism to households and businesses in Vietnam.
The urgency behind this restructuring plan underscores the profound necessity for radical economic transformation currently facing Vietnam. As the country grapples with various challenges, including global economic shifts and domestic pressures, To Lam’s leadership plays a crucial role in steering Vietnam towards a more sustainable future. His commitment to implementing Resolution 60 is seen as vital for its success, as he seeks to navigate the complexities of governance while promoting economic resilience.