Vietnam aims to have 3 state-owned enterprises in Fortune Global 500

(Dan Tri) - The Government aims to have at least three state-owned enterprises listed in the Fortune Global 500, while applying OECD standards to improve governance and affirm its economic leadership role.

On September 30, Deputy Prime Minister Nguyen Chi Dung chaired a meeting to develop a project and draft Resolution on State economic development, with the participation of representatives of 26 State-owned corporations and groups.

According to the report of the Ministry of Finance , the draft Resolution sets a target of having at least 3 State-owned enterprises (SOEs) in the group of 500 enterprises with the largest revenue in the world (Fortune Global 500). At the same time, 100% of economic groups and State-owned corporations must apply the governance principles according to OECD standards. OECD standards are a set of corporate governance principles issued by the Organization for Economic Cooperation and Development, aiming to ensure transparency, efficiency, responsibility and sustainability in business operations.

At the meeting, delegates focused on discussing the above two goals, as well as investment solutions and developing a number of large-scale corporations and state-owned enterprises to play a leading role in key, strategic sectors and fields of the economy.

One of the highlights is the capital mobilization mechanism. Accordingly, there needs to be a breakthrough solution for businesses to access sufficient capital, receive interest rate support and credit for key national projects assigned by competent authorities. Policies must also be strong enough in using State resources to develop large-scale State-owned enterprises.

Specifically, the draft proposes to allow the use of all revenue from equitization and divestment of State capital in enterprises; increase the proportion of after-tax profits left for enterprises; and at the same time have a mechanism for land allocation and land lease in some special cases, without auction, to serve development tasks.

In the field of science and technology , state-owned corporations and groups are oriented to build research and development centers and laboratories to pioneer digital transformation and green transformation; pilot the formation of venture capital funds to promote innovation.

Delegates also discussed salary and bonus mechanisms to ensure attracting high-quality human resources for state-owned enterprises, and studied the mechanism for forming bonus stock funds at joint stock companies to encourage and retain highly qualified workers.

In addition, the draft directs the formation of pioneering enterprises or business association groups that master core technologies and strategic technologies and carry out key national and regional projects.

Deputy Prime Minister Nguyen Chi Dung chaired the meeting (Photo: VGP).

Concluding the meeting, Deputy Prime Minister Nguyen Chi Dung affirmed that the State economy plays a leading role, while State-owned enterprises are the leading and pioneering force in economic development. He emphasized that corporations and groups must clearly define their responsibilities and missions in the new context, and proactively build a worthy development strategy.

The editorial team will continue to review, systematize and refine content, ensuring that autonomy is granted within appropriate limits while strengthening the potential, scale and support mechanisms for SOEs, clearly separating political, defense and security tasks from business activities.

The Deputy Prime Minister also encouraged State-owned enterprises to actively contribute their opinions to the draft, and make recommendations and proposals to the Ministry of Finance for full acceptance. He emphasized that the Resolution must create a strong change in the use of State resources, opening up opportunities for State-owned enterprises to have conditions to make a breakthrough in the coming period.

Source: https://dantri.com.vn/kinh-doanh/viet-nam-dat-muc-tieu-co-3-doanh-nghiep-nha-nuoc-vao-fortune-global-500-20250930191234024.htm