Vietnam sets minimum state stakes of 65 per cent in major banks
BIDV, Vietcombank and VietinBank are covered by the 2030 targets, while Agribank is to remain 100 per cent state-owned.
Vietnam has approved state ownership targets for major lenders under its 2026-2030 restructuring programme, setting a minimum holding of 65 per cent in BIDV, Vietcombank and VietinBank by 2030.
The government's existing stakes are 76.73 per cent in BIDV, 74.8 per cent in Vietcombank and 64.46 per cent in VietinBank. The decision does not identify how the targets will be reached or say whether share sales, placements or capital raising will take place.
Agribank is designated to remain 100 per cent state-owned through 2030. No other bank covered by the programme has that ownership target.
The wider restructuring programme encompasses 21 state-owned and state-backed enterprises. Its stated aim is to keep strategic sectors under state control while allowing authorities to alter selected holdings.
Vietnam Electricity, the Vietnam National Industry-Energy Group and the Vietnam Expressway Corporation are also designated for continued 100 per cent state ownership through 2030.
The government's direct holding in Vietnam Airlines is set to increase from 39.29 per cent to 86.42 per cent by 2030. LSEG data separately show that the State Capital Investment Corporation, a state-owned investor, already holds about 47 per cent of the airline.
For Vietnam Rubber Group, the programme envisages cutting the state's stake from 96.77 per cent to 75 per cent, leaving it with majority control.
