Heavy workload faces State capital management committee: forum

The recently-established Committee for the Management of State Capital at Enterprises (CMSC) will have a heavy workload to shoulder, needing great efforts exerted to overcome this challenge, according an expert.
A worker mans equipment on an oil rig of the State-owned Vietnam National Oil and Gas Group (Photo: pvn.vn)

A worker mans equipment on an oil rig of the State-owned Vietnam National Oil and Gas Group (Photo: pvn.vn)

Phan Duc Hieu, Deputy Director of the Central Institute for Economic Management (CIEM), made the remark at a forum on State-owned enterprise (SOE) restructuring in Hanoi on November 30.

The CMSC, which made its debut last September, will manage 19 State-owned economic groups and corporations. According to consolidated financial statements on December 31, 2017, the total value of state equity at these 19 firms topped 1 quadrillion VND (43 billion USD) and the total asset value was 2.3 quadrillion VND.

Hieu said the establishment of the CMSC is a move to separate the State’s ownership and management of the SOEs. It is also a step towards setting up a modern and transparent governance framework for the SOEs.

The overlapping performance of the State’s management and ownership of its capital within various businesses has led to the urgent need for reform.

Pointing out two of the major challenges facing the CMSC, Hieu said this committee is a State agency but must work as a professional investor. Meanwhile, with such high requirements, the CMSC will have to devise mechanisms for attracting quality personnel.

Nguyen Van Khach, Vice Chairman of the National Financial Supervisory Commission, said the “super committee” needs to publicise its functions and tasks in managing and monitoring the State capital left at equitised enterprises. It is also responsible for accelerating and promoting the effectiveness of the divestment of State capital from the equitised firms.

Last year, Prime Minister Nguyen Xuan Phuc approved a plan for restructuring the SOEs, with a focus on State-owned groups and corporations, between 2016 and 2020. The Party Central Committee also issued a resolution emphasising that enhancing the restructuring and re-organisation of SOEs is a task of utmost importance.

In the first half of 2018, more than 28.05 trillion VND was collected from the work, including nearly 22.46 trillion VND from equitisation and 5.6 trillion VND from State capital divestment.

The total revenue from equitisation and divestment has reached approximately 198 trillion VND since 2016, according to the Steering Committee for Enterprise Reform and Development.

At the forum, policymakers, experts and representatives of SOEs discussed mechanisms, policies, and the current situation of SOE restructuring. They also looked into some obstacles facing equitisation and the impact of Industry 4.0 on this process.

VNA

Other News

Vietnam accelerates innovation to boost growth, competitiveness

Vietnam accelerates innovation to boost growth, competitiveness

By 2030, Vietnam aims to rank among the world’s top 40 in the GII; raise total social investment in R&D to at least 2% of GDP, with non-State funding accounting for over 60%; increase international scientific publications by an average of 10% annually; and raise the number of patent applications and granted patents by an average of 16-18% annually.

Vietnam sees high growth prospects

Vietnam sees high growth prospects

Experts from the Institute of Vietnam and World Economy under the Vietnam Academy of Social Sciences noted the quality of recent growth as the high growth rate has been recorded against an increasingly higher comparative base.

Vietnam seeks bigger share of global Halal market

Vietnam seeks bigger share of global Halal market

Vietnam's Halal exports remain modest at around 900 million USD a year, accounting for less than 1% of the global market. Most exports are still raw agricultural and seafood products. Only around 1,000–1,300 Vietnamese businesses obtained or maintained Halal certification during 2024–2026.

Hanoi sets up inter-agency mechanism to operate carbon market

Hanoi sets up inter-agency mechanism to operate carbon market

Under a decision of the municipal People’s Committee on establishing an inter-agency working group, departments and agencies are responsible for identifying facilities subject to greenhouse gas inventories, developing emissions-reduction plans and studying projects capable of generating carbon credits.

Shrimp exports reach 3.3 billion USD in eight months

Shrimp exports reach 3.3 billion USD in eight months

According to data from the Vietnam Customs cited by the Vietnam Association of Seafood Exporters and Producers (VASEP), shrimp exports reached 478.5 million USD in August, up 4.2% from the same month last year. The eight-month total stood at 3.3 billion USD, representing a year-on-year increase of 12%.

Russian investors explore opportunities in Vietnam's real estate market

Russian investors explore opportunities in Vietnam's real estate market

Vietnam is seen as a potential market, with considerable room for growth in real estate, particularly commercial property, compared with some regional markets. Strong Vietnam-Russia ties and opportunities to establish foreign-invested enterprises are also considered favourable for Russian investors.

Phu Quoc airport planning adjusted to serve APEC 2027

Phu Quoc airport planning adjusted to serve APEC 2027

For 2021-2030, the Civil Aviation Authority of Vietnam proposed bringing forward the investment in a parallel taxiway system and a connecting taxiway north of Runway No. 2 at Phu Quoc International Airport, in order to connect with the aircraft maintenance and repair facility (hangar) planned for the northern area of ​​the airport.

Policy, infrastructure emerge as new advantages in FDI attraction

Policy, infrastructure emerge as new advantages in FDI attraction

From policy and infrastructure to industrial real estate, Vietnam’s FDI advantages are broadening towards a more integrated production ecosystem, offering investors a stronger combination of conditions for high-value, technology-intensive and long-term projects.

Logistics upgrade vital to 1-trillion-USD trade target: experts

Logistics upgrade vital to 1-trillion-USD trade target: experts

As trade expands, systemic bottlenecks across transport networks, warehousing, ports, border gates, and industrial zones are becoming more apparent. Experts emphasise the need to shift from a fragmented, project-by-project approach toward strategic management structured around trade corridors and integrated supply chains.

Ample room for Vietnam, US to deepen cooperation

Ample room for Vietnam, US to deepen cooperation

Do Ngoc Hung, Trade Counsellor and head of the Vietnam Trade Office in the US, said what stands out is not only the growth in trade volume but also the increasingly deep economic ties between the two countries.

Flexible fiscal policy helps drive economic growth

Flexible fiscal policy helps drive economic growth

According to the Ministry of Finance, State budget revenue in the first eight months of 2026 was estimated at 2.02 quadrillion VND (77.7 billion USD), equivalent to 80% of the annual estimate and up 16% year-on-year. Domestic revenue reached 1.75 quadrillion VND, accounting for 86.6% of total revenue and rising 16.6%.

Electronic components are produced at a factory in Hanoi. (Photo: VNA)

Hanoi's imports surge 41% in first eight months of 2026

Hanoi aims to achieve average annual export growth of at least 12% during 2026-30, with the city seeking to diversify export markets, boost high-tech and value-added products and reduce reliance on traditional markets.