Topic: state-owned enterprises

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

Priority to be given to strategic breakthroughs and growth drivers.

The 19 groups and corporations under the Committee for Management of State Capital at Enterprises are major economic players.

A target has been set of there being at least 25 State-owned enterprises (SOEs) with equity or capitalization on the stock market in excess of $1 billion, of which ten are to have over $5 billion.

A number of problems relating to land management have presented difficulties for many businesses, especially State-owned enterprises (SOEs). To remove these difficulties, the Ho Chi Minh City Investment and Trade Promotion Center (ITPC), in cooperation with the city’s Department of Natural Resources and Environment, held a dialogue on August 9 between businesses, industry, and the government.

Prime Minister Pham Minh Chinh chaired a meeting on July 12 between the Government Standing Committee and the Standing Board of the Party Committee of the centrally-run Businesses’ Sector on restructuring and improving the operational efficiency of State-owned enterprises (SOEs). He emphasized that they must make important contributions to macro-economic stability and that the goal by 2025 is to basically complete the rearrangement and transformation of SOE ownership.