Prime Minister Pham Minh Chinh directed State-owned Enterprises (SOEs) to take the lead in digital transformation while chairing a meeting with SOEs in Hanoi on April 15.

He noted that digital transformation is an objective requirement, a strategic choice, and a top priority in the country's development process, including the development of businesses.

He also suggested SOEs to proactively innovate and drive the three traditional growth engines, including consumption, exports, and investment, focusing on expanding and diversifying markets; promoting new growth drivers such as science and technology, innovation, digital transformation, green transformation, and circular economy; and applying smart governance solutions to reduce management costs and allocate funds for investment.

The Government always supports, creates the best possible conditions for, and stands ready to address difficulties to help SOEs grow rapidly and sustainably, the PM said.

As of the end of 2024, Vietnam had 671 SOEs, with total asset value estimated at over VND5.6 quadrillion (over $216 billion).