Vietnam's National Assembly will on Tuesday approve a bold bureaucratic reform plan that will slash up to a fifth of government bodies, as it tries to cut costs and improve administrative efficiency.

Vietnam will cut one in five public sector jobs and slash billions of dollars from government budgets, after the country's rubber-stamp parliament gave the go-ahead to a radical streamlining drive on Feb. 18.

Vietnams National Assembly has approved an ambitious bureaucratic reform plan to cut up to 20% of government bodies, aiming to reduce costs and enhance administrative efficiency. The decision follows an amendment to

Vietnam's National Assembly on Wednesday approved raising the economic growth target for this year and backed major infrastructure projects, including a rail link to China and the construction of the country's first nuclear power plants.

Vietnam's parliament on Wednesday approved plans for an $8 billion rail link from its largest northern port city to the border with China, boosting links between the two communist-ruled countries