Vietnam regards the establishment of an international financial centre as one of the key institutional breakthroughs and an important move to unlock resources, accelerate growth model transformation associated with economic restructuring and enhance national competitiveness, Prime Minister Pham Minh Chinh said on November 4.

The National Assembly (NA) on October 29 devoted the entire day to assessing the implementation of the 2025 socio-economic development plan, outlining the plan for 2026, and reviewing the implementation of the National Assembly’s resolutions on the 2021–2025 five-year plans for socio-economic development and economic restructuring.

Prime Minister Pham Minh Chinh on October 6 stressed the need to rearrange public service units in line with the Party’s guidelines and practical requirements while chairing a meeting of the Government’s Steering Committee for reviewing Resolution No. 18-NQ/TW on the restructuring of public service units under ministries, sectors, and localities.

VOV.VN - Prime Minister Pham Minh Chinh has urged immediate institutional and digital infrastructure reforms to ensure seamless two-tier local governance, while chairing a July 28 conference in Hanoi reviewing the internal restructuring of ministries and sectors and assessing the first month of operations under the new model.

VOV.VN - NA Chairman Tran Thanh Man has underlined the need for early and thorough preparation as the National Assembly approaches the final months of its 15th term, while highlighting the Assembly and Government’s collaborative leadership in institutional reform and lawmaking.

The National Assembly (NA), especially its advisory bodies, is responsible for further improving the institutional framework and ensuring that Party regulations and State laws are aligned with the new organisational model following the streamlining of the political apparatus and the restructuring of administrative units, stated NA Chairman Tran Thanh Man.

The Government has issued Decree No. 177/2025/ND-CP, amending and supplementing various decrees related to international agreements, aiming to address several key issues arising from the operations of the two-tier local administration model and the restructuring of government organisational structures in the field of international cooperation.

VOV.VN - As Vietnam solemnly held nationwide ceremonies on July 1 to announce central and local resolutions and decisions on the merger of provincial- and commune-level administrative units and the establishment of corresponding Party organizations and bodies, a representative of the Switzerland–Vietnam Economic Forum (SVEF) has highlighted the significance of this historic milestone in a recent media interview.

State President Luong Cuong has emphasised that the restructuring of commune-level administrative units will open up new development space for Hanoi to better promote its role as the spearhead and growth driver for the capital region, the northern key economic region, and the whole country.

VOV.VN - Party General Secretary To Lam has emphasized that the newly restructured development space is built on a long-term vision, aiming to ensure sustainable growth in a harmonized and scientific manner.