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

SBV raises short-term capital lending cap to 40%

SBV raises short-term capital lending cap to 40%

The new circular will help credit institutions have more room to provide capital to businesses and investment projects to support high economic growth in the next few years, while increasing flexibility in the SBV’s monetary policy management.

Business confidence in Vietnam rebounds strongly: UOB

Business confidence in Vietnam rebounds strongly: UOB

The study found that 85% of Vietnamese enterprises reported positive business sentiment, a sharp increase from 48% in 2025, when business confidence was weighed down by uncertainties surrounding US tariff policies and related trade developments.

Bac Ninh seeks high-quality foreign investment for sustainable growth

Bac Ninh seeks high-quality foreign investment for sustainable growth

According to Vice Chairman of the provincial People’s Committee Pham Van Thinh, the province aims to maintain stable and sustainable growth, improve the competitiveness of both the economy and local businesses, and make better use of free trade agreements (FTAs) to expand and diversify export markets.

Green building trend flourishes in Ho Chi Minh City's real estate landscape

Green building trend flourishes in Ho Chi Minh City's real estate landscape

The International Finance Corporation (IFC) highlighted the city's dominance in green-certified building floor space in Vietnam, reflecting the rapid expansion of the green building market with 780 completed green buildings encompassing over 18.69 million sq.m by 2025, predominantly certified by EDGE and LEED.

UK supports Vietnam in wind power and green finance development

UK supports Vietnam in wind power and green finance development

The United Kingdom officially announced two new climate cooperation initiatives to support Vietnam in its energy transition and green growth journey. These programs focus on offshore wind power development and the creation of a sustainable green financial ecosystem.

Ample room remains for Vietnam–India logistics cooperation

Ample room remains for Vietnam–India logistics cooperation

The GTTCI expert noted that alongside logistics and integrated warehousing, e-commerce is expected to be a particularly high-growth sector in the coming years. He described it as a multi-billion-dollar market with significant untapped opportunities for cooperation between Vietnam and India.

Exports gain momentum from high-tech growth drivers

Exports gain momentum from high-tech growth drivers

According to the Ministry of Industry and Trade, Vietnam’s exports reached 215.66 billion USD in the first five months of 2026, up 19.5% year-on-year. Twenty-six export items generated more than 1 billion USD in revenue each, including seven with turnover exceeding 10 billion USD.

Vietnam–China crossings see spike in ASEAN fresh produce

Vietnam–China crossings see spike in ASEAN fresh produce

Since the start of the summer harvest season, China's two major border gates with Vietnam, Youyi Guan in Pingxiang and Beilun 2 Bridge in Dongxing, have entered their peak period for handling imports of fresh agricultural and seafood products from member states of the Association of Southeast Asian Nations (ASEAN).

Cargo handling operations at Berths 3 and 4 of the Hai Phong International Gateway Port. (Photo: VNA)

AI reshapes logistics, raising bar for workforce skills

According to the Vietnam Logistics Business Association (VLA), the logistics sector will require around 2.2 million workers by 2030, including 1.6 million employees for logistics service providers and nearly 600,000 personnel supporting logistics operations in manufacturing and trading enterprises.

Robust dispute resolution framework key to Vietnam's IFC ambitions

Robust dispute resolution framework key to Vietnam's IFC ambitions

The development strategy for VIFC-HCMC envisions a comprehensive financial ecosystem encompassing green finance, carbon credits, financial technology (fintech), blockchain technology, digital assets, digital banking and other innovative business models. These highly internationalised sectors involve complex cross-border transactions and sophisticated legal structures.