Vietnam Aims to Complete State Capital Restructuring Plan by End of August 2026

The Vietnamese government has set a deadline of August 31, 2026, for the completion of the restructuring plan of state capital in state-owned enterprises. Deputy Prime Minister Nguyen Van Thang, in Official Dispatch No. 52/CĐ-TTg dated August 7, 2026, has instructed relevant ministries, sectors, and localities to expedite the formulation and approval of capital restructuring plans within state-owned enterprises under their management, ensuring completion by August 31, 2026. Concurrently, state owners must direct 100% state-owned enterprises to formulate and approve restructuring plans for their investments in other companies during the 2026-2030 period, also to be completed by August 31. This measure is seen as part of the government's ongoing efforts to enhance the efficiency and transparency of the state economy under Vietnam's one-party system. The restructuring of state-owned enterprises is a continuation of the government's efforts towards sustainable economic growth and the establishment of a healthier market economy. In particular, strengthening the domestic economic foundation is a crucial task for Vietnam amid increasingly complex economic and geopolitical relations with China. Efficient management of state assets requires a careful balance to avoid hindering the development of the private sector, which is a driver of economic growth.