Under the 2026–2030 framework, the government will maintain at least 65 percent stakes in BIDV, Vietcombank, and VietinBank, though specific mechanisms like capital raises or share sales remain unannounced. Agribank will serve as the sole lender to remain entirely state-owned through 2030, alongside core industrial enterprises including PetroVietnam, EVN, and VEC. The plan also recalibrates non-banking commercial holdings, boosting the direct state stake in Vietnam Airlines to 86.42 percent. These adjustments affect a landscape where Vietnam had 695 state-owned enterprises by the end of 2025.
Key points
Full state ownership will be preserved across critical infrastructure operators including…: Full state ownership will be preserved across critical infrastructure operators including Vietnam Electricity, PetroVietnam, and the Vietnam Expressway Corporation.
Authorities plan to reduce the state's share in Vietnam Rubber Group from 96.77 percent t…: Authorities plan to reduce the state's share in Vietnam Rubber Group from 96.77 percent to 75 percent.
By the end of 2025, Vietnam had 695 state-owned enterprises, including 497 entities entir…: By the end of 2025, Vietnam had 695 state-owned enterprises, including 497 entities entirely owned by the government.
Sources checked by our analysis pipeline: 1
HANOI, Oct 29 : Vietnam has approved a plan to set the minimum state ownership level for state-run lenders at 65 per cent by 2030, part of a broader programme to restructure state capital in major enterprises and banks.
The restructuring plan, released late on Wednesday, covers 21 state-owned and state-backed enterprises, and forms part of Vietnam's 2026-2030 programme to restructure state capital, with the aim of preserving state control in strategic sectors while giving authorities the flexibility to adjust their holdings in selected companies and lenders.
• The state plans to retain shares of at least 65 per cent in BIDV, Vietcombank and VietinBank by 2030. The government's stakes currently stand at 76.73 per cent in BIDV and 74.80 per cent in Vietcombank, above the new 65 per cent threshold, while its holding in VietinBank is 64.46 per cent
• The decision did not specify which mechanism would be used to reach those ownership levels or whether any stake sales, placements or capital raising will be undertaken
• The plan also maintains 100 per cent state ownership in Agribank…
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