State economy - Facilitating development

Vietnam Airlines secured the third place in the list of the region’s 10 most punctual carriers, achieving an on-time arrival rate of 87.77%.

As of May 31, 2026, total registered foreign investment in Vietnam, including newly registered capital, adjusted registered capital, and the value of capital contributions and share purchases by foreign investors, reached 24.81 billion USD, up 34.9% compared with the same period last year.

In the first five months of 2026, seven export items recorded export turnover of more than 7 billion USD each, accounting for 69.3% of the country's total export value. Of these, electronics, computers and components ranked first, with export turnover reaching 56.187 billion USD.

Party General Secretary and State President To Lam has called for a fundamental shift in mindset and vision in Vietnam’s marine development, stressing that the sea must be viewed not only as an economic resource but as a strategic national development space.

Vietnam’s total trade turnover hit 445.12 billion USD in the first five months of 2026, marking a 25% increase from a year earlier. Exports grew 19.5%, while imports surged 30.8% year-on-year.

Party General Secretary and State President To Lam on June 5 met with Eric Schmidt, former Chairman and CEO of Google, and a delegation of artificial intelligence (AI) experts visiting Vietnam.

The global economy has been hit by a series of major shocks in recent years, creating considerable pressure on highly trade-dependent economies such as Vietnam. As the Government pursues the ambitious goal of achieving double-digit growth, identifying both the country's strengths and internal constraints has become more important than ever.

The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) rose to 52.8 in May, up from 50.5 in April and reaching its highest since February. 

Prime Minister Le Minh Hung has called for the issuance of new regulations in June to establish breakthrough mechanisms for the rapid deployment of key financial products and services at the Vietnam International Financial Centre (VIFC).

The simultaneous signing of MoUs with partners in the retail, agricultural and industrial sectors highlighted the group’s ability to connect in various fields and integrate more deeply into regional value chains.

Major policies have been introduced to strengthen the financial market and improve the role of SOEs. Notably, Politburo Resolution No.79-NQ/TW dated January 6, 2026 on State economic development requires SOEs to serve as the core force of the State economy, operate effectively under market principles and adopt modern, transparent governance standards with regional and international competitiveness.

Accelerating state-owned enterprise (SOE) equitisation, streamlining listing procedures and removing persistent legal bottlenecks are expected to expand the supply of high-quality assets and strengthen the attractiveness of Vietnam’s stock market to global investors.

Prime Minister Pham Minh Chinh has urged ministries, agencies, local authorities, and State-owned groups and corporations to take comprehensive and decisive measures to improve the performance of State-owned enterprises (SOEs), tighten land and asset management, to realise the national economic growth target of over 8% in 2025.

Prime Minister Pham Minh Chinh has reiterated Vietnam’s readiness to share its experience in reforming and restructuring State-owned enterprises (SOEs) with Laos, including legal frameworks, management processes, and approaches to capital mobilisation and investment management.

Deputy Prime Minister Ho Duc Phoc reiterated Vietnam’s readiness to share its experience fully and support Laos in SOE reform, while also expressing a desire to learn from Laos’ valuable insights.

Tran Luu Quang, Secretary of the Communist Party of Vietnam (CPV) Central Committee and head of its Commission for Policies and Strategies, underlined that the exchange of experience in building socio-economic development policies, refining institutions and policies, and particularly in SOE reform, is a practical and significant approach that contributes to maintaining stability and fostering development in both countries.

According to the current regulations, the share ownership cap by an institutional shareholder in a credit institution is reduced from 15% to 10% and for an individual and his/her related parties from 20% to 15%.

The restructuring of state-owned corporations and enterprises must follow the spirit of “placing national interests above all else” to ensure that state capital is managed and developed optimally, serving national development in the new era, said Prime Minister Pham Minh Chinh.

Deputy Prime Minister Ho Duc Phoc has called for stronger efforts to complete the restructuring projects of State-owned enterprises (SOEs) for approval within the first quarter of this year.

The Government earned over 149 billion VND (5.93 million USD) from capital divestment at four State-owned enterprises during January – July, the Ministry of Finance (MoF) said on August 12.