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

HO CHI MINH CITY] Vietnam’s parliament on Wednesday (Feb 19) has voted to revise the official growth target of the country’s 2025 gross domestic product to at least 8 per cent, from the 6.5 to 7 per cent approved last November.

On the morning of February 19, the National Assembly passed a resolution supplementing Vietnam’s 2025 economic and social development plan, setting an ambitious target of at least 8% GDP growth.

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

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

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.