Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
The 15th National Assembly (NA) passed the Law on Management and Investment of State Capital in Enterprises and the Law amending and supplementing a number of articles of the Law on Standards and Technical Regulations at its ongoing ninth session on June 14.
Several key economic and financial policies will come into force from June, directly impacting household businesses, state-owned enterprises, and foreign investors.
The PM highlighted the important role played by SOEs in the national economy, noting that although the number of groups and corporations represents only a small percentage of the nearly 1 million businesses operating in Vietnam, they hold a key position as a significant material force of the economy, and production and business activities in main economic and technical sectors.
Vietnam should not rely on a single market or a single growth driver like export, Prime Minister Pham Minh Chinh said, stressing the need to diversify products, and production and supply chains to sustain growth.
Currently, in Vietnam, there are more than 670 SOEs, with about two-thirds wholly owned by the state. In the remaining ones, the state holds more than 50% of the charter capital.
Prime Minister Pham Minh Chinh lauded state-owned enterprises for their significant contributions to stabilising the macroeconomy, boosting growth, and ensuring major economic balances over the past period.
The assets managed by Danantara will exceed 900 billion USD. The fund will invest in natural resources and state assets through sustainable, high-impact projects.
Six State–owned enterprises (SOEs) with a total State stake of 800 trillion VND (31.5 billion USD) will be transferred back to the Ministry of Industry and Trade (MoIT) after six years under the management of the Commission for the Management of State Capital at Enterprises (CMSC).
Thailand’s cabinet has approved an additional 276 billion THB (7.4 billion USD) in borrowing for the 2024 fiscal year, of which 269 billion THB is for direct government use as well as for state-owned enterprises (SOEs) to restructure debt, reported local media.
Prime Minister Pham Minh Chinh requested that State-owned enterprises (SOEs) play the pioneering role in innovation, application and mastery of science and technology in the Industry 4.0, and in international integration and effective foreign investment while meeting with executives from over 150 major SOEs on June 15.
National Assembly Chairman Vuong Dinh Hue attended a Vietnam - China seminar on State-owned enterprises (SoE) reform and management of state capital at enterprises in Beijing on April 9.
Prime Minister Pham Minh Chinh on March 3 called on state-owned enterprises (SOEs) to engage more intensively in the implementation of strategic breakthroughs regarding institutional perfection, personnel training and infrastructure development.
Prime Minister Pham Minh Chinh has requested State-owned enterprises (SOEs) to reform governance, improve production and business efficiency, and strongly promote development investment.
Prime Minister Pham Minh Chinh has asked the Commission for Management of State Capital at Enterprises (CMSC) to build and implement future development strategies for State-owned groups and corporations under its management, with a view to better clarifying their role in leading, motivating and promoting the growth of other economic sectors.
The 19 parent groups and corporations under the Committee for Management of State Capital at Enterprises (CMSC) have earned more than 1.1 quadrillion VND (45 billion USD) in revenue in 2023.
The total revenue of Vietnam’s 827 State-owned enterprises (SOEs) recorded a year-on-year surge of 29% to 2.75 quadrillion VND (112.89 billion USD) last year, according to a Government report sent to the National Assembly.
Prime Minister Pham Minh Chinh on September 14 chaired a meeting between Cabinet members and State-owned enterprises (SOE) across the country on the promotion of business, production and development investment.
Vietnam’s Committee for Management of State Capital at Enterprises (CMSC) and the State-owned Assets Supervision and Administration Commission of the State Council of China (SASAC) held a conference on reform and development of State-owned enterprises (SOEs) in Beijing on March 18.
