The PM highlighted the important role played by SOEs in the national economy, noting that although the number of groups and corporations represents only a small percentage of the nearly 1 million businesses operating in Vietnam, they hold a key position as a significant material force of the economy, and production and business activities in main economic and technical sectors.

Prime Minister Pham Minh Chinh speaks at the meeting with SOEs in Hanoi on April 15.

He stated that the Government always supports, creates the best possible conditions for, and stands ready to address difficulties to help SOEs grow rapidly and sustainably, contributing to ensuring macroeconomic stability; controlling inflation; maintaining major economic balances; reducing public debt, government debt, foreign debt; and managing budget deficits effectively.

He stressed that digital transformation is an objective requirement, a strategic choice, and a top priority in the country's development process, including the development of businesses.

Therefore, enterprises must take the lead in digital transformation, driving the process of building a digital government, digital society, and digital citizens.

The Government leader directed SOEs to proactively innovate and drive the three traditional growth engines, including consumption, exports, and investment, focusing on expanding and diversifying markets; promoting new growth drivers such as science and technology, innovation, digital transformation, green transformation, and circular economy; and applying smart governance solutions to reduce management costs and allocate funds for investment.

He asked for mutual support among groups, corporations, and SOEs in general, and demanded ministries and sectors to resolve any institutional obstacles, particularly the Law on Management and Use of State Capital Invested in Production and Business at Enterprises; remove unnecessary administrative procedures; develop strategic infrastructure to reduce logistics costs and lower input costs for enterprises.

The PM requested greater efforts in fighting corruption and negative practices, and managing monetary and fiscal policies effectively; and more solutions to promote connections between Vietnamese enterprises and foreign-invested (FDI) ones.

According to the Ministry of Finance, in 2024, Vietnam had 671 SOEs whose total asset exceeded 5.6 quadrillion VND (over 216 billion USD), with nearly 3 quadrillion VND in equity, total revenue of nearly 3.3 quadrillion VND, and pre-tax profit exceeding 227 trillion VND.

US hikes fruits, vegetables imports from Vietnam

The U.S. imported $111 million worth of Vietnamese fruits and vegetables in the first quarter, up 66% year-on-year.

Vietnam, RoK step up trade ties to aid businesses

Vietnam and the Republic of Korea (RoK) have agreed to boost cooperation in trade, industry and energy to support businesses amid global economic uncertainties.

358 billion VND bridge to open connecting Bac Giang and Bac Ninh

The People's Committee of Bac Ninh has officially announced plans for the inauguration ceremony of the Ha Bac 2 Bridge and its paths, a vital transport project linking Bac Giang and Bac Ninh Provinces.

Bac Giang enhances service quality in industrial parks

BAC GIANG - Identifying industrial development as a strategic priority, Bac Giang Province has not only accelerated infrastructure investment and introduced various preferential policies but also focused on enhancing service quality within local industrial parks. These efforts aim to create favorable conditions for businesses, meet the needs of laborers and boost the province’s investment attraction. 

Auto sales hit high gear with 47% surge

Vietnam’s automobile market shifted into high gear in March with robust sales of 31,750 units, up 47% from the previous month and 16% year-on-year.

Vietnam discovers 12 mines containing over 10 tons of gold

A major gold discovery in central Vietnam has revealed 12 mines containing over 10 tons of gold and 16 tons of silver, according to the Mid-Central Geological Division.