As Elon Musk and Argentina’s Javier Milei champion ambitious plans to dramatically slash the size of government, a similar effort is getting underway across the globe from political leaders with a completely different ideology: Vietnam ’s Communist Party .
The Southeast Asian country’s attack on bureaucracy follows similar plans in Argentina and the US. Argentina’s President Javier Milei moved to shrink spending immediately upon taking office, cutting government ministries in a bid to eliminate deficits. President-elect Donald Trump is promising dramatic cuts under the newly-created Department of Government Efficiency co-headed by Elon Musk.
“This is Vietnam’s most ambitious administrative overhaul since Doi Moi,” Nguyen Khac Giang, a visiting fellow at Singapore’s ISEAS-Yusof Ishak Institute, said. “Hanoi is trying to streamline a bureaucracy that’s increasingly seen as an impediment to growth.”Communist Party chief To Lam’s push to overhaul the government comes ahead of next year’s leadership reshuffle at the twice-in-a-decade National Party Congress.
It’s not yet clear how many jobs will go, but civil servants are clearly stressed—one deputy prime minister said 100,000 jobs would be affected, another former parliament official said hundreds of thousands of party members and public employees will be worried. Lam said in October that roughly 70% of the state budget is spent on employee salaries and regular state expenses, which doesn’t leave enough to spend on investment projects. “If we just use the money to feed each other, there is no money left to develop” critical infrastructure, Lam added.
“This is not an easy or quick thing to do and it is likely that many state officials will have to take on multiple tasks which require some expertise they may not have,” said Nguyen Tri Hieu, a Hanoi-based economist. “The streamlining could cause overload at first.”
Vietnam Communist Party Government Restructuring Bureaucracy Economic Reforms Infrastructure Investment
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