Fresh Delhi: Vietnam, underneath President To Lam and its Communist Celebration management, plans to downsize its govt equipment via 20 %. The restructuring contains lowering the collection of ministries from 18 to fourteen, dissolving 4 govt companies, and closing ailing 5 TV channels.
This comes amid customery layoffs underneath US President Donald Trump, Elon Musk’s DOGE-related strikes, proposals to close ailing companies like america Company for Global Construction (USAID), and Argentinian President Javier Milei’s competitive push to shorten govt and decontrol the economic system.
Vietnam has come far—from its wars with the French and the American citizens to receiving US assistance and rebuilding its economic system underneath Deng Xiaoping-style governance. As of late, it stands as the arena’s biggest exporter of electronics and a significant participant within the international textile trade.
Vietnam could also be the arena’s biggest production hub then China, having moved forward of Republic of India within the pageant for the China+1 seat.
In Episode 1610 of #CutTheClutter, Scribbler-in- Shekhar Gupta discusses how Vietnam turned into an exporting powerhouse and tourism hub and the reforms sweeping the rustic because it makes an attempt to conserve directly to its energy within the Trump age.
Additionally learn: Keep tabs on CutTheClutter: The facility of Qatar & why Modi going to the airport to welcome the Amir himself
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