Tag: SOEs

Vietnam has 676 State-owned enterprises with revenue of $6.3 billion last year.

The Ministry of Planning and Investment (MPI) is developing a report on continuing to innovate and improve the performance of State-owned enterprises (SOEs) in socio-economic development. By the end of 2025, 100 per cent of State-owned economic groups and corporations are to meet modern standards on corporate governance and international practice, at least six groups and corporations are to have a scale and capacity on par with regional and international counterparts, and three centers for innovation ecosystem are to be founded.

At a conference between Prime Minister Pham Minh Chinh and State-owned enterprises (SOEs) on March 24, the Prime Minister directed the government to create an environment for development and improve institutions and policies to facilitate the development of SOEs. He also emphasized that SOEs need to promote their initiative in contributing to the country’s development.

State-owned enterprises (SOEs) play an important role in Vietnam’s development but have still not brought their strengths into play. Minister of Planning and Investment Nguyen Chi Dung has therefore outlined eight key solutions to promote their advantages, overcome limitations, take advantage of development opportunities, and realize their role and position.