The Ministry of Finance will reduce its workforce by 9,640 employees in 2025 and is expected to cut an additional 10,000 positions in 2026, according to Minister Nguyen Van Thang.
Speaking at a conference on March 3 to announce the government’s new Decree No. 29, which defines the ministry’s functions, responsibilities, and organizational structure following its restructuring, Minister Thang emphasized that these reductions align with broader administrative reforms aimed at improving efficiency.
The new organizational structure, effective from March 1, reduces the ministry’s units to 35, with seven former general departments downgraded to department-level units. This restructuring has eliminated 3,600 organizational units, accounting for a 37.7% reduction.
Key reductions include three ministerial-level departments, six general departments, 116 departments and bureaus within the ministry, 336 departments and bureaus under general departments, and over 3,100 office-level units at lower levels.
As a result, the Ministry of Finance will reduce 9,640 employees in 2025, followed by another 10,000 in 2026. Minister Thang stated that streamlining the ministry’s structure is a critical step in enhancing administrative efficiency and effectiveness.
“This is not just a change in organizational structure but also an opportunity to restructure and improve operational efficiency within the sector,” he emphasized.
Moving forward, Minister Thang directed all units to ensure smooth and uninterrupted operations, emphasizing that each unit should handle multiple responsibilities, while no single task should be assigned to more than one primary unit.
Additionally, he urged leaders to implement breakthrough strategies to achieve higher revenue collection, combat tax evasion, and maintain fiscal discipline. He set a goal to keep recurrent expenditures below 60% of total spending for the year while ensuring efficient and effective budget allocations.
Binh Minh
