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News updates regarding the cuts.
The Ministry of Home Affairs proposes reducing legal barriers to attract international talent.
Removing the requirement for years of experience for innovation specialists, accepting health certificates from abroad, and promoting the digitalization of procedures are some of the proposed amendments to labor regulations.
Current Affairs
The US plans to cut its contribution of fighter jets to NATO forces by one-third.
Washington will withdraw fighter jets, strategic bombers, and warships from NATO, and require its European allies to take on their own defense in a NATO 3.0 model.
The US announces a reduction in the number of military brigades in Europe.
On May 20, the US Department of Defense announced a reduction in the number of military brigades in Europe from four to three, bringing the force deployment back to 2021 levels. This move occurred...
Avoid disrupting the implementation of administrative procedures for citizens and businesses.
Deputy Prime Minister Pham Thi Thanh Tra recently signed Document No. 527/TTg-CĐS dated May 18, 2026, from the Prime Minister's Office regarding the reduction and simplification of administrative procedures and business conditions.
Amendments to Decree 168/2024/ND-CP: Streamlining procedures; no increase in penalties.
Regarding the draft Decree amending and supplementing a number of articles of Government Decree No. 168/2024/ND-CP, Lieutenant Colonel Pham Viet Cong - Deputy Director of the Traffic Police Department, Ministry of Public Security...
Cutting down on a series of regulations in the petroleum business aims to boost double-digit economic growth.
Resolution 19/2026/NQ-CP removes many barriers related to warehousing, distribution systems, and logistics, creating a flexible space for petroleum businesses to respond to market fluctuations.
Streamlining numerous procedures in the petroleum business to support double-digit economic growth targets.
Resolution 19/2026/NQ-CP abolishes many conditions regarding warehousing and distribution systems, helping petroleum businesses save on compliance costs and flexibly respond to market fluctuations.
The Prime Minister requested continued review to reduce and simplify administrative procedures.
May 3, 2026 08:21
The Government Office has just issued Document No. 3905/VPCP-CĐS on continuing to review and reduce/simplify administrative procedures.
National Assembly Deputy Hoang Minh Hieu: We need to shift strongly from simplifying to substantially reducing administrative procedures.
April 20, 2026 17:28
Assessing the administrative procedure reform process, which still has shortcomings and limitations that have very specific and direct impacts on the economy, National Assembly Deputy Hoang Minh Hieu (Nghe An delegation) proposed that the Government...
Nissan makes a breakthrough in electric vehicle engine technology: Cutting the use of rare earth elements by 90%.
April 18, 2026 09:29
Nissan and its Japanese partners have just announced new electric vehicle engine technology that reduces the amount of heavy rare earth elements by 90%, aiming to lessen dependence on global supply.
INEOS tightens its purse strings: A strategy to cut £32 million in agent fees at Man Utd.
April 8, 2026 20:30
By tightly controlling agent commissions, Man Utd under INEOS is optimizing its transfer budget and improving its performance in the Premier League.
BYD cuts 100,000 jobs: The restructuring strategy of the electric vehicle giant.
April 1, 2026 10:00
BYD plans to cut 10% of its workforce by 2025 to optimize costs and improve operational efficiency, despite record revenue and the launch of its new Blade 2.0 battery technology.
Saudi Aramco will continue to cut oil supplies to Asia in April 2026.
March 24, 2026 08:02
Saudi Aramco tightened oil supplies to Asian customers for the second consecutive month due to conflicts in the Strait of Hormuz disrupting shipping.
Saudi Aramco will continue to cut oil supply to Asian markets in April 2026.
March 24, 2026 08:01
Saudi Aramco tightened crude oil supplies to Asian refineries for the second consecutive month due to shipping disruptions caused by the conflict in the Strait of Hormuz.
Eliminate 100% of unnecessary business conditions and reduce processing time by 50%.
March 19, 2026 16:03
The People's Committee of Nghe An province has requested a significant reduction and simplification of administrative procedures, including the elimination of 100% of unnecessary investment and business conditions and a 50% reduction in processing time and costs.
Switzerland has reduced its order for F-35A fighter jets due to inflationary pressures and budget constraints.
March 16, 2026 21:59
The Swiss Federal Council has confirmed a reduction in the size of the F-35A order from 36 to 30 aircraft to ensure that the spending limit of 6 billion francs is not exceeded amid escalating costs.
India cuts sunflower oil imports by 45.3%, palm oil reaches six-month high.
March 10, 2026 08:03
In February 2026, India's sunflower oil imports plummeted to 146,000 tonnes due to record-high prices. Conversely, palm oil imports surged to 844,000 tonnes thanks to attractive discounts.
Fed officials are cautious about cutting interest rates when inflation is at 3%.
February 25, 2026 14:01
Many Federal Reserve officials have emphasized the need to pause the interest rate cut trajectory until inflation actually falls back to the 2% target.
Could AI really be the cause of the mass layoffs in the tech industry?
February 20, 2026 08:34
Amidst the wave of layoffs in the tech industry, the big question is whether artificial intelligence (AI) is truly behind it, or simply a wake-up call about how companies should reorganize their workforce...
The US will cut approximately 200 personnel at NATO.
January 21, 2026 09:31
According to sources from Reuters and the Washington Post, the administration of President Donald Trump has notified European capitals of plans to cut approximately 200 positions at their respective centers...
Nvidia changes RTX 5060 strategy: Increase 8GB version and cut back on the 16GB version due to memory shortage.
January 14, 2026 04:44
Faced with a memory component shortage, Nvidia is reportedly prioritizing the supply of 8GB versions of the RTX 5060 and 5060 Ti, while tightening the supply of the 16GB version.
Reduce processing time by 40% to 64% in key areas of the Southeast Economic Zone Management Board.
January 3, 2026 09:14
The People's Committee of Nghe An province has just approved a plan to simplify administrative procedures within the scope and functions of the Southeast Economic Zone Management Board. Accordingly, the province decided to shorten procedures by 40% to...
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