India’s real rival isn’t China, warns a VC firm founder as Vietnam rewrites its growth playbook

Although India uses the crane from China, a real production competitor can be Vietnam, at least according to Ventur Capitalist Rajeev Mantri.

“Vietnam quickly reconsors its government, terminating the number of regions and cities, eliminating a whole layer of government and installed at least 20% of civil servants,” Mantrin wrote.

“The goal is to promote the bureaucracy, reduce corruption and promote economic growth by aiming at least 8% to 2025.”

The law was signed as the 60th event, the reforms were more dumped since the liberalization of the 1986 DOI MOI. The Secretary-General shall lead the accusation, which allows you to clear administrative obstacles, reorganize the internal structure of the Communist Party and digitally almost one third of all procedures.

By September, Vietnam will reduce its 63 states and towns to 34 to eliminate inefficient districts and will start one-fifth of civil servants in five years. The country hopes that this will not only increase transparency, but will allow more than 60% of the regions to have a marine export, tourism and port logistics.

Lam, who accepted his prioritized NGUEN Fu Trong, quickly followed the changes, with a clear warning. “The rest of the world have passed very quickly.

The government hopes that better scales to connect the private sector to the private sector will reduce corruption. Leaving for long-term officials remains politically sensitive. “Those who do not see themselves meet the requirements, they must actively resign … it is an action of courage,” said Lam.

Vietnam’s legislators will have meetings until May and June, even if it means “working in one night.” The stili is high, 2045, the government wants Vietnam to be a high-income nation, a single bureaucratic free law at once.