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| By the end of 2024, the total assets of 671 SOEs reached more than VND 5.6 quadrillion (about USD 215 billion)__Photo: VNA |
Vietnam aims to see at least 30 State-owned enterprises (SOEs) with net revenue exceeding USD 1 billion each by 2030, according to a finance ministry strategy on developing the State economic sector.
The goal is stated in a political report from the Party Committee of the Ministry of Finance (MoF) submitted to the MoF’s Party Congress for the 2025-30 term, according to the MoF's news portal.
According to the plan, five years from now, there will be at least 25 SOEs with equity or capitalization values exceeding 1 billion USD, of which 10 will exceed the USD 5 billion mark.
Vietnam currently has 76 enterprises in the Fortune 500 Southeast Asia list, with some SOEs holding high positions.
The report notes that by the end of 2024, the total assets of 671 SOEs reached more than VND 5.6 quadrillion (about USD 215 billion), up 45 percent compared to 2023. Both revenues and pre-tax profits of the SOEs also showed good growth, with nearly VND 3.3 trillion and VND 227.5 trillion recorded, respectively.
To promote the State economy, the Government is developing a State Economic Development Project to effectively use public resources and contribute to achieving a double-digit growth target.
In the 2026-30 period, Vietnam aims to achieve GDP growth of at least 10 percent per year, an average income of USD 8,500 , public debts of around 45 percent of GDP and inflation of 4-4.5 percent.
Registered FDI is expected to be USD 200-300 billion, with a localization rate of more than 40 percent by 2030.- (VNA/VLLF)
