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Vietnam's Communist Party plans to cut 100,000 public sector jobs to save $4.5 billion over five years.
Vietnam's ruling Communist Party is cutting one in five public sector jobs as part of a cost-saving initiative to reduce spending.
The reforms will decrease the number of government ministries and agencies from 30 to 22, aiming to save $4.5 billion over five years.
Around 100,000 public sector workers will be made redundant or offered early retirement, causing unease in a country where state jobs are traditionally seen as secure.
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El Partido Comunista de Vietnam planea recortar 100.000 empleos en el sector público para ahorrar $4,5 mil millones en cinco años.