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Vietnam Govt Goes On Cost-Cutting Measures, Asks Public To Be Thrifty

Vietnam Govt Goes On Cost-Cutting Measures, Asks Public To Be Thrifty

BusinessToday2 days ago

General Secretary of the Communist Party of Vietnam Central Committee To Lam has called on the public to promote a culture of thrift in daily life as part of the nation's broader efforts to combat wastefulness, Vietnam News Agency reported.
In an article published on Sunday, he proposed the establishment of an annual national thrift day to further encourage and institutionalize this practice across society.
As an example of effective cost-cutting, the Party chief highlighted the ongoing restructuring of the government apparatus, which began in late 2024.
This includes the merger of provinces, the dissolution of certain district-level administrative units and the consolidation of commune-level units.
These reforms are projected to save the State budget more than 20 trillion Vietnamese dong (770 million U.S. dollars) annually during the 2025-2030 period, with savings expected to exceed 30 trillion dong (1.2 billion dollars) per year from 2030 onward, he wrote. Related

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