As Vietnam targets two-digit GDP growth, state-owned enterprises are expected to lead strategic sectors and set the pace for the wider economy.

Resolution No. 79-NQ/TW, issued by the Politburo on January 6, 2026, reaffirms the leading role of the state sector in the socialist-oriented market economy.

Resolution 79 redefines how the state should guide development, shifting from doing for the market to empowering it through strategic leadership.

Accepting risk and changing the governance mindset are the keys for state enterprises to escape the “ask-give” mechanism and truly transform into global brands, according to Nguyen Dinh Cung, former head of CIEM.

The issuance of Resolution 79 signifies that state-owned enterprises (SOEs) are being placed in the spotlight of the economy.

Prime Minister Pham Minh Chinh has been appointed head of a newly established national steering committee tasked with executing Resolution 79 of the Politburo, a major directive focused on strengthening and redefining Vietnam’s state economy.

The resolution, recently signed by Party General Secretary To Lam, affirms that the State-run economy remains a particularly important pillar of the socialist-oriented market economy in Vietnam.

The Ministry of Construction has filed for bankruptcy procedures against 41 enterprises across 12 provinces and cities, including the parent company of the Shipbuilding Industry Corporation (SBIC).

The Politburo and Secretariat approved a plan to restructure party units across 18 major state corporations and banks.

Vietnam aims to see at least 30 State-owned enterprises (SOEs) with net revenue exceeding 1 billion USD each by 2030, according to a finance ministry strategy on developing the State economic sector.

In addition to the removal of restrictions on real estate investment, this law also allows SOEs to purchase securities in accordance with securities law.

Deputy Prime Minister Nguyen Chi Dung has called for bold and strategic reforms to unlock the full potential of State-owned enterprises (SOEs), urging a clear shift in mindset and approach to governance, investment and development.

They insisted that the role of SOEs has become increasingly important in maintaining macroeconomic stability, guiding the market, and delivering on national strategic objectives.

The Vietnamese government will shift its role from overseeing state-invested enterprises as a whole to managing only its capital contributions, recognizing that these funds become the legal assets of the enterprises once invested.

Effective May 6, Dao Nam Hai was removed from his leadership duties until further notice from relevant authorities.

A proposal to allow state-owned enterprises (SOEs) to adopt a flexible, market-driven salary system similar to the private sector has been put forward at a recent conference on digital transformation leadership in state-run businesses.

Vietnam renames national oil group, expanding its role in clean energy and services.

The Vicem tower has endured a “tumultuous” fate—first seeking to be sold but failing, then aiming for a “revival” to be put into use. The root cause stems from miscalculations made from the project’s investment inception.

A lawyer has urged authorities to investigate a misleading disclosure that occurred when Thang Long Power JSC corrected its business results from a loss to a profit nearly a year after releasing its financial report.