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Vietnam has launched Doi Moi 2.0 to accelerate its transition into a high-value technology economy by removing bureaucratic barriers. Following the 14th National Party Congress, the government has merged ministries and reduced the number of provinces from 63 to 34, creating a 'super metropolis' around Ho Chi Minh City.

This restructuring aims to lower public expenditure and enhance decision-making efficiency. A semiconductor fabrication facility has been initiated by Viettel, marking Vietnam's entry into advanced industrial production.

The government is also implementing a large-scale infrastructure program with investments of about $200 billion. Despite increased fiscal deficits, the country's financial stability remains intact, with a government debt burden of 33% of GDP.