Vietnam approves changes to state stakes in six enterprises and banks
The restructuring programme covers 2026-30, while another 15 enterprises will retain their existing state ownership ratios through 2030.
Vietnam will adjust government ownership levels in six enterprises and banks under a capital restructuring programme for 2026-30. The approval comes through Decision 2054/QĐ-TTg, signed by Deputy Prime Minister Nguyen Van Thang.
The programme covers Vietnam Airlines, Vietnam Maritime Corporation and Vietnam Rubber Group, alongside banks BIDV, Vietcombank and Eximbank. Another 15 enterprises will keep their state shareholding ratios through 2030; 10 are 100 per cent state-owned.
Of those 15 entities, 14 have the Ministry of Finance as their state ownership representative. The other falls under the State Bank of Vietnam.
The two agencies will arrange divestments, choosing schedules and implementation methods within legal requirements. The programme requires completion during 2026-30. If ownership thresholds are not met or the timetable cannot be achieved, the agencies concerned must account for the causes and responsibilities and seek a review by the authorities.
Annual progress updates are due at the finance ministry by January 31. The ministry will also gather any proposals to revise approved plans and refer them to the Prime Minister for a decision.
For agricultural and forestry enterprises, state ownership representation will rest with ministries, ministerial-level bodies and provincial or centrally-run city people’s committees.
Enterprises serving national defence and security, including those also conducting economic activities, must draw up capital restructuring plans for 2026-30 and submit them for approval. That process is required to finish by year-end.
