Prime Minister Pham Minh Chinh has urged ministries, agencies, local authorities, and State-owned groups and corporations to take comprehensive and decisive measures to improve the performance of State-owned enterprises (SOEs), tighten land and asset management, to realise the national economic growth target of over 8% in 2025.

Viet Nam aims to see at least 30 State-owned enterprises (SOEs) with net revenue exceeding 1 billion USD each by 2030, according to a finance ministry strategy on developing the State economic sector.

Revenue and profit growth in the first six months of the year among state-owned enterprises represented by the Ministry of Finance was notably positive. Many key output indicators are estimated to reach about 50 - 60% of the annual plan. Some sectors recorded growth rates of 5 - 15% over the same period.

In the new era, comprehensive, holistic, and breakthrough solutions are required for state-owned enterprises (SOEs) to advance steadily on the path to development, continue to play a leading and pioneering role, and contribute to realising the goal of rapid and sustainable national growth.