The Government has decided to dissolve the Commission for Management of State Capital at Enterprises (CMSC), according to a report from the Government News.

The decision takes effect on March 21, 2025.

CMSC, established in 2018, was responsible for overseeing the operation of 19 State-owned enterprises and corporations, which have been transferred to the Ministry of Finance and other ministries.

The dissolution of the CMSC is part of Vietnam's overall plan to streamline and rearrange the political system's apparatus to increase operational efficiency and to save budget for development investment.