According to the plan, five years from now, the SOE sector aims to see at least 25 SOEs with equity or capitalisation values exceeding USD 1 billion, of which 10 SOEs will have equity or capitalisation values exceeding the USD 5 billion mark.
Vietnam currently has 76 enterprises in the Fortune 500 Southeast Asia list, with some SOEs holding high positions.
The report notes that by the end of 2024, the total assets of 671 SOEs reached more than VND 5.6 quadrillion (USD about 215 billion), up 45 per cent compared to 2023. Both revenues and pre-tax profits of the SOEs also showed good growth, with nearly VND 3.3 trillion and VND 227.5 trillion recorded, respectively.
To promote the State economy, the Government is developing a State Economic Development Project to effectively use public resources and contribute to achieving a double-digit growth target.
In the 2026-30 period, Vietnam aims to achieve GDP growth of at least 10 per cent per year, an average income of USD 8,500, public debts of around 45 per cent of GDP and inflation of 4-4.5 per cent.
Registered FDI is expected to be USD 200-300 billion, with a localisation rate of more than 40 per cent by 2030.