Vietnam’s state-owned enterprises propose increased decision-making power and regulatory reforms to enhance efficiency, accelerate investment, and achieve the government’s 8% GDP growth target by 2025.

PM Pham Minh Chinh has called on state-owned enterprises to drive Vietnam’s economic expansion, urging them to embrace innovation, enhance efficiency, and contribute to sustainable national development.

Vicem, Vietnam’s largest cement corporation, has reported 1.4 trillion VND ($58 million) in consolidated losses for 2024, prompting Deputy Prime Minister Tran Hong Ha to order an investigation into the causes and potential solutions.