Việt Nam needs a broader set of performance indicators that would go beyond profit and State budget contributions to include innovation capacity, digital transformation, labour productivity and environmental, social and governance standards.
With nearly 700 State-owned enterprises managing assets worth around VNĐ4.5 quadrillion, Việt Nam needs to move beyond administrative restructuring towards a new reform model that strengthens governance, innovation and strategic leadership.
Việt Nam will pursue a more ive approach to foreign investment under a new Politburo resolution, focusing on projects that strengthen domestic capabilities, accelerate technology transfer and enhance the economy''s long-term competitiveness and self-reliance.
The Ministry of Finance has set out three special mechanisms to boost the development of the State economic sector, focusing on strengthening strategic reserves and enhancing the role of State-owned enterprises (SOEs).
Việt Nam needs to foster a new generation of private enterprises with stronger technological capabilities to lead key industries and shift from supporting growth to driving the country’s modernisation.
Under the action programme, ministries and localities are required to review existing legal documents to promptly remove institutional bottlenecks for the State economic sector.
The new policies must focus on optimising State resources, improving governance, promoting digitalisation and green development, and balancing State and private sector resources, while reducing unnecessary administrative intervention.
Issued ahead of the 14th National Party Congress, Resolution No 79-NQ/TW sets a decisive policy course for Việt Nam’s economy, reinforcing the State-owned sector as a central lever for macroeconomic stability, strategic autonomy and national competitiveness in the years ahead.