Southeast Asia Information Port (www.dnyxxg.com) – Resolution No. 79-NQ/TW of the Politburo of the Communist Party of Vietnam explicitly encourages state-owned enterprises (SOEs) to invest in the value chain and cooperate with other enterprises in joint ventures. Foreign-invested enterprises are identified as important partners of SOEs, a key measure for Vietnam to promote rapid and sustainable economic growth.
The resolution affirms that the state-owned economy is an important component of Vietnam's socialist-oriented market economy. After 80 years of development, especially the past 40 years of reform, the state-owned economy has consistently played a leading role, making significant contributions to promoting economic growth, stabilizing the macroeconomy, ensuring national defense and security, improving people's living standards, and enhancing Vietnam's international standing.
However, the resolution also points out that the development of the state-owned economy still faces many shortcomings: lagging innovation in relevant laws and policies; insufficient operational efficiency and international competitiveness of SOEs; and a failure to fully leverage their role in innovation, entrepreneurship, and industry leadership. Furthermore, public institutions suffer from bloated structures, slow institutional innovation, and service quality and price adjustments that fail to meet demand. Unresolved long-standing problems have led to resource waste and loss.
To leverage the role of the state-owned economy and contribute to Vietnam's goals of becoming an upper-middle-income modern industrialized country by 2030 and a high-income developed country by 2045, the resolution proposes several solutions. The core of these solutions is to encourage state-owned enterprises (SOEs) to invest and form joint ventures with companies in the technology, innovation, and digital transformation sectors within their core business value chains, fostering leading enterprises and alliances and injecting innovative momentum.
According to data from the Ministry of Finance, as of 2025, Vietnam had attracted over US$520 billion in foreign direct investment from approximately 150 countries and regions worldwide, with foreign-invested enterprises making significant contributions to its socio-economic growth.
The resolution emphasizes that in the new phase, Vietnam needs to promote deeper joint ventures between SOEs and value chain enterprises, guiding SOEs to play a leading role, mobilizing social resources to participate, and creating a radiating and synergistic effect to pave the way for the development of all economic sectors. In the future, Vietnam will focus on attracting foreign investment in high-tech and innovation sectors, promoting green transformation and renewable energy development, strengthening cooperation between domestic and foreign enterprises, and increasing localization rates and production capacity. (End)
