“Vietnam’s parliament formally approved a plan for the biggest government overhaul in decades, a move that will slash thousands of jobs and radically streamline a bloated bureaucracy in an effort to pursue ambitious growth targets.

The vote was passed Tuesday at an extraordinary meeting of the National Assembly in Hanoi.

An estimated 100,000 civil servants will be affected as the government targets a roughly 20% reduction in the size of ministries, government agencies and workforce in the biggest restructuring since Vietnam adopted pro-market reforms in the 1980s.

Under the plan, five ministries are being abolished. Others will be merged, such as finance with planning and investment. Outlets for information are being dramatically curbed with many state-run TV channels being shut down, and multiple newspapers and magazines scrapped.”

From Bloomberg.