Striving to have 1-3 state-owned enterprises in the world's top 500
The Politburo's Resolution clearly states that by 2030, strive to have 1-3 state-owned enterprises in the group of 500 largest enterprises in the world.
General Secretary To Lam has just signed and issued a Resolution of the Politburo on state economic development (Resolution No. 79-NQ/TW, dated January 6, 2026).
The Resolution clearly states the guiding viewpoint: The state economy (SET) plays a leading role in a socialist-oriented market economy, ensuring macroeconomic stability, major balances of the economy, strategic development orientation, maintaining national defense and security; contributing to promoting cultural values and equitable progress, social security; is an important resource for the State to dominate and intervene promptly to meet arising sudden and urgent requirements.
The State Audit is equal before the law with other economic regions, developing long-term, cooperating and competing healthily; fair, public and transparent access to resources, markets and development opportunities; together with domestic economic sectors, building an autonomous, self-reliant, self-reliant economy, ensuring economic security, promoting deep, substantial and effective international integration...
The State Audit must pioneer in creating development, leading, paving the way, promoting industrialization, modernization, restructuring the economy and establishing a new growth model, taking science, technology, innovation and digital transformation as the main driving force, improving national competitiveness.
Promote the restructuring of state-owned enterprises; focus on improving operational efficiency, applying advanced technology, modern governance models according to international standards.
The Resolution also emphasizes the focus on building and developing economic groups, corporations, state-owned enterprises, and large state-owned commercial banks that play a pioneering, leading role, and creating momentum to promote key, strategic, regional and global competitive sectors and essential sectors and fields.
Promote the role of state-owned enterprises and public service units in the relationship of linkage, cooperation in research and development of science and technology.
The Resolution sets out the target that by 2030, regarding the state budget, national reserves, and non-budgetary state financial funds, the rate of mobilizing budget sources for the period 2026 - 2030 will be about 18% of GDP; budget deficit will be about 5% of GDP; public debt will not exceed 60% of GDP; the proportion of development investment expenditure will be about 35 - 40% of total budget expenditure, the proportion of regular expenditure will be about 50 - 55% of total budget expenditure...
Regarding state-owned enterprises, strive to have 50 state-owned enterprises in the group of 500 largest enterprises in Southeast Asia and 1-3 state-owned enterprises in the group of 500 largest enterprises in the world;
Build a number of large-scale, modern-tech economic groups and state-owned enterprises with regional and international competitiveness, playing a pioneering role, leading domestic enterprises to participate deeply in some global production and supply chains, especially in key and strategic areas of the economy;
100% of state-owned enterprises implement modern corporate governance on digital platforms; 100% of economic groups and state-owned corporations apply the OECD governance principle.
Strive to have 2% of GDP in national reserves by 2045; about 60 state-owned enterprises in the group of 500 largest enterprises in Southeast Asia;
5 state-owned enterprises are in the group of 500 largest enterprises in the world; at least 50% of public service units self-guarantee regular expenditures, investment expenditures or self-guarantee regular expenditures to operate effectively according to market mechanisms.
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