Vietnam secures VND 157 billion from state enterprise divestment in 2024

In addition to customs enforcement efforts, Vietnam is continuing its push to restructure and divest state-owned enterprises (SOEs).

During January, state-owned groups, corporations, and enterprises divested capital from three second-tier enterprises (F2), yielding VND 182 billion from a book value of VND 40.9 billion.

As of January 2025, 118 enterprises have received approval from competent authorities for their restructuring plans, in accordance with Prime Minister's Decision No. 360/QD-TTg dated March 17, 2022.

According to Decision No. 360/QD-TTg, based on reports from agencies and units, the total number of enterprises requiring restructuring plan approval is 676.

It is necessary to innovate and accelerate the progress of equitization and divestment in the coming time. Photo: ST

Also in January 2025, units continued to implement equitization efforts according to approved plans, although no enterprise received approval for its equitization plan from competent authorities during the month.

For 2025, the Ministry of Finance has announced its focus on restructuring, equitizing, and divesting state capital in enterprises. The goal is to establish a rational ownership structure, concentrating on key and core sectors for the state economy.

This will involve improving the operational efficiency of state-owned enterprises based on modern technology, encouraging innovation, and adopting international management standards.

The Ministry will also focus on preserving and developing state capital and resources, ensuring the provision of essential products and services such as electricity, water, and gasoline to meet the needs of society and the economy.

Furthermore, the Ministry of Finance will strengthen discipline and order in the management and use of state capital and assets in enterprises, and enhance the effectiveness of state agency management and supervision.

Finally, the Ministry will effectively implement restructuring plans for each group and corporation after they are approved by competent authorities, ensuring transparency, accountability, and adherence to legal regulations, content, plans, and schedules.