Vietnam plans to sign deal with Russia in August for first nuclear plant
Vietnam’s government announced on Tuesday that it plans to sign an agreement with Russia in August to build the country’s first nuclear power plant.
Vietnam's National Assembly on Tuesday approved a bold bureaucratic reform plan that will slash up to a fifth of government bodies, as the country tries to cut costs and improve administrative efficiency.
The number of government ministries will be reduced to 14 from the current of 18, to be up and running from March 1, the assembly said in a statement.
More than 97% of the lawmakers present approved the plan.
The assembly earlier on Tuesday passed an amendment to a law on organising government, paving the way for approval of the planned cull of 15% to 20% of the state apparatus, which will also include four agencies and five state television channels, among other cuts.
The move would "not only save money for the state budget but more importantly, boost the efficiency of the system", General Secretary of Vietnam's ruling Communist Party, To Lam, told parliament last week.
Investors, diplomats and officials have broadly welcomed the plan but expect some administrative delays in the short term in Vietnam, a regional industrial hub that relies heavily on foreign investment.
The government has said the overhaul would not impact project approvals.
The planning and investment ministry, which approves foreign investment projects, will join the finance ministry, while the transport ministry and the construction ministry will be merged.
The natural resources and environment ministry and the agriculture ministry will also be merged.
Lawmakers on Tuesday ratified the appointment of two new deputy premiers, including the incumbent investment minister. That will increase the number of deputy prime ministers from five to seven.
The plan coincides with similar post-pandemic government cost-cutting measures being implemented or pledged across the world, including by Argentina's libertarian President Javier Milei and U.S. President Donald Trump.
Vietnam's state media last month reported the restructuring would affect 100,000 state officials. It did not elaborate.
"Poor-performing employees must be removed from the system," it quoted Deputy Prime Minister Nguyen Hoa Binh, as saying.
"State agencies must not be safe shelters for incompetent officials."
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
The U.S. Embassy in Qatar has advised American citizens to shelter in place amid rising tensions between Israel and Iran, as part of a broader global security alert issued by Washington.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
In a televised address on Saturday night, U.S. President Donald J. Trump announced that American forces, in coordination with Israel, had conducted precision strikes on Iran’s Fordow, Natanz, and Isfahan nuclear sites, aiming to dismantle Tehran’s enrichment capabilities.
The UK government has eased its travel advice for Israel as the final evacuation flight for British nationals prepares to depart Tel Aviv on Sunday.
President Donald Trump said Friday he believes any potential conflict with North Korea can be resolved, pointing to his strong relationship with leader Kim Jong Un.
The U.S. Senate on Friday rejected a Democratic-led effort to block President Donald Trump from launching further military action against Iran without congressional approval.
President Donald Trump said Friday he believes a ceasefire in the Gaza conflict between Israel and Hamas could be reached within a week, following fresh diplomatic efforts.
California Governor Gavin Newsom has filed a $787 million defamation lawsuit against Fox News, accusing the network of distorting facts about his phone call with President Donald Trump.
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