VI Resolution 79: Continuing to restructure state capital in enterprises and innovating and reorganizing state-owned enterprises – is this one of the solutions proposed? What are the specific goals for state-owned enterprises by 2030 according to Resolution 79? What form of management will state-owned enterprises be organized under? Let’s explore more with Pham Consult!
Resolution 79: Is continuing to restructure state capital in enterprises and innovating and reorganizing state-owned enterprises one of the proposed solutions correct?
Based on sub-section d, item 2.4, Section 2, Chapter III of Resolution 79-NQ/TW of 2026, continuing to restructure state capital in enterprises and innovating and reorganizing state-owned enterprises is one of the tasks and solutions proposed for state-owned enterprises. Specifically:
– Focus on restructuring state-owned enterprises in a substantive and effective manner, reducing the number of entities and increasing their scale to better fulfill the role of state-owned enterprises in the new context; encourage corporations and general companies to invest abroad in sectors where enterprises have comparative advantages, large market demand, and the ability to access new technologies, contributing to expanding traditional export markets and developing new markets to form multinational corporations. – Strengthen economic diplomacy to support businesses in expanding their markets abroad, participating more deeply in global supply chains, promoting cooperation in technology transfer and human resource training.
– Continue implementing the privatization roadmap to improve the operational efficiency of enterprises, attract more participation from other economic sectors to strengthen management capacity, improve technology and financial resources for enterprises to develop after privatization.
Privatization must ensure that it does not affect the State’s control in key strategic sectors, does not cause the loss of reputable national brands, and does not result in the loss of State assets.
– For enterprises where the State does not need to hold a controlling stake, there should be appropriate mechanisms and roadmaps to:
(i) Merge with other state-owned enterprises to form value chains, increase scale and operational efficiency.
(ii) Transfer to enterprises with the function of investing and managing state capital at the central or local level for a comprehensive review and assessment of the current situation and classification to develop appropriate capital restructuring solutions.
The restructuring of state capital in enterprises must be based on criteria of openness, transparency, efficiency, and compliance with legal regulations, following the principle that the State does what the private sector cannot or is unable to do, and what the private sector can do, the State must do better; reputable national brands must continue to receive investment to operate more effectively.
– Comprehensively restructure the State Capital Investment and Business Corporation (SCIC) towards professional capital business, moving towards the formation of a national investment fund.
Concentrate resources from capital restructuring in enterprises and other state-allocated resources to:
(i) Invest in the development of large-scale enterprises and highly efficient enterprises.
(ii) Investing in projects in technology, innovation, and digital transformation sectors that are crucial to the economy.
(iii) Implementing direct investment and supporting resources for state-owned enterprises to invest abroad; carrying out mergers and acquisitions to access new technologies, core technologies, strategic technologies and industries, or for high-profit objectives.
– Establishing an independent monitoring mechanism for the transfer and management of SCIC’s capital in enterprises, ensuring that enterprise restructuring and capital investment are carried out effectively, at market prices, and in full compliance with legal regulations.
– Enhancing the capacity and operational efficiency of the Vietnam Asset Management Company (VAMC) and the Vietnam Debt Trading Company (DATC) to support the restructuring process, especially financial restructuring and handling of non-performing loans in the state-owned enterprise and commercial banking sectors according to market mechanisms. *The above information concerns “Resolution 79: Continuing to restructure state capital in enterprises and innovating and reorganizing state-owned enterprises is one of the proposed solutions, is that correct?”
What are the specific goals for state-owned enterprises by 2030 according to Resolution 79?
According to Section 2, Chapter II of Resolution 79-NQ/TW of 2026, the specific goals for state-owned enterprises by 2030 are as follows:
– Striving to have 50 state-owned enterprises in the group of the 500 largest enterprises in Southeast Asia and 1-3 state-owned enterprises in the group of the 500 largest enterprises in the world;
– To build a number of strong, large-scale state-owned economic groups and enterprises with modern technology, capable of regional and international competitiveness, playing a pioneering role in leading domestic enterprises to participate deeply in a number of global production and supply chains, especially in key, strategic sectors of the economy;
– 100% of state-owned enterprises implement modern corporate governance on a digital platform;
– 100% of state-owned economic groups and corporations apply OECD governance principles.
What form of management are state-owned enterprises organized?
According to the provisions of Article 88 of the 2020 Enterprise Law, state-owned enterprises are organized and managed in the form of limited liability companies and joint-stock companies, including:
– Enterprises in which the State holds 100% of the charter capital;
– Enterprises in which the State holds more than 50% of the charter capital or total number of voting shares, except for enterprises specified in point a, clause 1, Article 88 of the 2020 Enterprise Law.
(1) For enterprises in which the State holds 100% of the charter capital as specified in point a, clause 1, Article 88 of the 2020 Enterprise Law, including:
– One-member limited liability companies in which the State holds 100% of the charter capital are the parent company of a state-owned economic group, the parent company of a state-owned corporation, or the parent company in a parent-subsidiary company group;
– One-member limited liability companies in which the State holds 100% of the charter capital.
(2) For enterprises where the State holds more than 50% of the charter capital or total voting shares as prescribed in point b, clause 1, Article 88 of the 2020 Enterprise Law, including:
– Limited liability companies with two or more members, joint-stock companies where the State holds more than 50% of the charter capital or total voting shares that are parent companies of economic groups, parent companies of state-owned corporations, or parent companies in parent-subsidiary company groups;
– Limited liability companies with two or more members, joint-stock companies that are independent companies where the State holds more than 50% of the charter capital or total voting shares.
Note: The Government shall provide detailed regulations for Article 88 of the 2020 Enterprise Law.
