Responsibilities for delayed SOEs equitisation to be made clear

Prime Minister Nguyen Xuan Phuc has asked for the clarification of responsibilities of organisations and individuals in delaying the equitisation of state-owned enterprises (SOEs). 
  • U.S. support Vietnamese small and medium enterprises
  • Over 450 international and domestic enterprises to participate in Vietbuild Hanoi
  • Goal of 1 million enterprises faces challenges
  • Hanoi rolls out red carpet for Finish enterprises
  • British Council helps Vietnam promote social enterprise teaching in universities
Prime Minister Nguyen Xuan Phuc at the event (Source: VNA)

Prime Minister Nguyen Xuan Phuc at the event (Source: VNA)

During a meeting in Hanoi on November 21, PM Phuc said SOEs working in seaports, airports, electricity, national defence-security, telecommunications, rubber, and oil and gas, as well as four major State-run banks will be not subject to equitisation.

The number of SOEs has been reduced from over 12,000 to below 600 so far, contributing to stabilising the macro-economy and increasing revenues to the State budget. 

Attributing corruption and negative behaviour in corporations, ministries, agencies, and localities to lax state management, he asked executives of SOEs and corporations to renew operations and seriously abide by the law. 

The restructuring, equitisation and divestment of SOEs should be open, transparent and in accordance with market principles, he said. 

Ministries and agencies were required to collect feedback from SOEs and corporations and submit amendments to regulations on evaluating the values of land-use rights; equitised businesses; divestment; equitisation; financial management; salaries; business registration; and the rights and responsibilities of corporate leaders, equity owners, and state management agencies. 

Delayed divestment cases will be transferred to the State Capital Investment Corporation before the end of this year. 

The PM assigned the Ministry of Finance and the Government Office to acquire suggestions at the event to refine the draft directive on accelerating the restructuring and renewal of SOEs, equitisation, and divestment to submit to him for consideration. 

According to the plan approved by the PM, at least 85 SOEs must complete equitisation this year. However, only 12 of them were equitised as of November 18, 2018. 

Only 31 units have conducted divestment activities, compared to the targeted 135 for 2017 and 181 for 2018.

Meanwhile, only 35 out of the 526 SOEs had their restructuring plans approved by authorities as of the late November. 

VNA

Other News

A view of a container port in Singapore. (File photo: Xinhua/VNA)

Vietnam-Singapore trade cooperation gains fresh momentum

Analysts noted that Vietnam-Singapore ties are increasingly moving beyond traditional goods trade towards green growth, innovation and high-quality supply chains, laying a stronger foundation for more substantive and sustainable cooperation in the years ahead.

Vietnamese products make strong impression at Foodservice Australia 2026

Vietnamese products make strong impression at Foodservice Australia 2026

International visitors expressed positive impressions of Vietnamese products displayed at the fair. Nelma Sanjines, senior supervisor at ESP Catering in Sydney, praised the flavour of Vietnamese chilli sauce and soy sauce as well as the attractive packaging of confectionery products.

Digital technology helps standardise supply chains, sustain export competitiveness

Digital technology helps standardise supply chains, sustain export competitiveness

Experts noted that supply chain optimisation and risk management are no longer isolated tasks for individual companies but a requirement for the entire export ecosystem. With guidance from regulators, support from industry experts and their own efforts, Vietnamese exporters are expected to enhance their competitiveness and turn technical barriers and market volatility into opportunities for sustainable growth in global markets.

Vietnam seen as attractive investment destination for 2026–2035

Vietnam seen as attractive investment destination for 2026–2035

The article described Vietnam as strategically positioned along major regional maritime routes, including the East – West corridor linking the Americas, the Middle East, India and Europe, and the North – South corridor connecting China and Southeast Asia, helping make the country a gateway for international trade.

Eco-industrial parks seen as catalyst for higher-quality FDI

Eco-industrial parks seen as catalyst for higher-quality FDI

The eco-industrial park model will help Vietnam meet international environmental standards while creating opportunities to improve growth quality and economic competitiveness. Many multinational corporations now view green standards, emissions reduction and energy efficiency as key conditions when selecting investment destinations.

Promoting Vietnamese Brands at an International Food Fair in Gwangju

Promoting Vietnamese Brands at an International Food Fair in Gwangju

Alongside exhibition activities, trade promotion, and business networking programs, the “Gwangju Global Food Fair 2026” also witnessed the signing ceremony of a Memorandum of Understanding (MOU) between the Vietnam–Korea Businessmen & Investment Association (VKBIA) and the Gwangju Tourism Organization of South Korea.

Hanoi proposes subsidies to accelerate shift to electric vehicles

Hanoi proposes subsidies to accelerate shift to electric vehicles

Under a draft resolution currently open for public feedback by the municipal People’s Committee, residents with permanent or temporary residence registration in Hanoi for at least two consecutive years, who own petrol-powered motorbikes registered before the resolution takes effect, will be eligible for support when purchasing electric motorbikes priced at 10 million VND or more.

Private economic sector poised for breakthrough growth

Private economic sector poised for breakthrough growth

More than a year after the Politburo's Resolution No. 68-NQ/TW on private sector development came into effect, expectations now extend beyond increasing the number of enterprises. The goal is to build a stronger business community with greater resilience, larger ambitions and the capacity to compete in global supply chains.

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam is expected to remain one of ASEAN’s fastest-growing economies in 2026, supported by resilient exports, strong investment inflows and an ambitious reform agenda, despite mounting global uncertainties, according to the World Bank’s latest Vietnam Economic Update released on May 15.

Ministry establishes monitoring framework for carbon market

Ministry establishes monitoring framework for carbon market

Under a new circular, the exchange of greenhouse gas emission quotas and carbon credits is conducted on the domestic carbon credit exchange through the carbon trading system, which is interconnected with the national registration system.