Under the Law No 68/2025/QH15 on the Management and Investment of State Capital in Enterprises, State-owned enterprises (SOEs) in which the State holds over 50% of the charter capital are required to review and amend their corporate charters and internal regulations to comply with the new provisions.

Under the new law, State-owned enterprises are now permitted to invest in real estate and to purchase securities.

A provision that prohibits all State-owned enterprises from investing in real estate, with the exception of large-scale ones, awas deemed inconsistent with the Party’s policy on enhancing the operational efficiency of SOEs.

Raising current ratio of 50% would hasten implementation of key transport projects, NA deputies believe.

Decision issued to ensure MobiFone has effective management and uses State capital in line with legal regulations.

Addressing the Conference of Representatives of the State Capital Investment Corporation (SCIC)’s capital at enterprises on October 21, SCIC Deputy General Director Le Thanh Tuan said the total capital owned by the SCIC currently accounts for nearly 2 per cent of total State capital in enterprises. The SCIC will strive to improve the efficiency of representatives of State capital in enterprises and be a strategic investor of the government.

A paradox exists in the fact that even though the sale of State capital is tardy, the starting price is still quite high. Analysts point out that this is due to problems in real estate valuations. The Ministry of Finance has said it will continue to perfect legal mechanisms and policies in a synchronous manner to speed up the progress of equitization.

According to a report presented by the Ministry of Finance to the National Assembly, one reason the equitization and divestment of State capital has stalled in recent times is the lack of incentive when the State-owned enterprise (SOE) is posting strong growth and high profits. This leads to many SOEs remaining in industries where the State does not need to maintain ownership.

Solutions suggested for overcoming the issues clouding the process.

Revenue from the equitization of and divestments by State-owned corporations contributed VND1.4 trillion ($61.81 million) to the State budget in 2021, or just 3.5 per cent of the plan. This year, it is expected that divestments by six large firms, including FPT Corporation and the Hanoi Beer - Alcohol - Beverage Corporation (Habeco), will bring in VND20 trillion ($883.1 million).