Vietnam approves state capital divestment framework for enterprise restructuring

Vietnam's government has formally approved a state capital divestment plan targeting enterprises subject to restructuring, marking a significant step in the country's ongoing efforts to reform its state-owned sector. The Ministry of Finance and the State Bank of Vietnam have been tasked with organizing and implementing the divestment process for affected enterprises.

The move follows recent legislative progress on state capital management, with the National Assembly adopting new laws establishing technical standards and governance frameworks for state-owned enterprises. These regulatory measures aim to strengthen oversight and operational efficiency across the sector.

Provincial authorities are also advancing digitalization initiatives to support the reform agenda. Bac Ninh province has set an ambitious target to achieve full digital governance at all state-owned enterprises by 2030, part of a broader regional push to modernize operations and enhance transparency.

Government officials have emphasized the importance of leveraging state-owned enterprises to drive economic growth, positioning them as key actors in achieving breakthrough development objectives. The divestment plan is expected to improve capital allocation efficiency while maintaining state control over strategic sectors.