From March 1, 2025, 18 large corporations and groups will officially transfer from the State Capital Management Committee at Enterprises (CMSC) to the Ministry of Finance.
The transfer of management rights of state-owned enterprises has made the Ministry of Finance the largest investor in the Vietnamese stock market, with a stock portfolio with a total value of more than 1.2 million billion VND.
Along with the capital at Bao Viet Group that has been previously managed, the Ministry of Finance is currently the representative owner of state capital in 19 enterprises. There are 8 corporations including: Petrolimex, Vinachem, EVN, PVN, VRG, TKV, VNPT and Bao Viet, along with 11 large corporations such as SCIC, Vietnam Airlines, Vinalines, VEC, ACV, Vinataba, Vinafood 1, Vinafood 2, Vinacafe, VNR and Vinafor.
In particular, many enterprises have been listed on the stock market, playing an important role in the capital structure of the market. As of February 28, the total market value of shares directly owned by the Ministry of Finance reached VND 572,000 billion. In particular, the capital at ACV, VIMC and the Vietnam Rubber Industry Group (GVR) has a total value of more than 456,500 billion VND.
In addition to direct ownership, the Ministry of Finance also holds indirectly through the State Capital Investment and Trading Corporation (SCIC). Currently, SCIC is managing a portfolio of stocks worth nearly VND190,000 billion, with notable investments in Vinamilk, Sabeco, FPT Telecom, Vietnam Airlines, MB and FPT.
If including the amount of shares held by SCIC and other corporations and groups at subsidiaries, the Ministry of Finance is managing a portfolio of stocks worth more than 1.2 million billion VND, equivalent to nearly 17% of the total value of the Vietnamese stock market. This makes the Ministry of Finance the largest investor in the market, above the State Bank - the unit that owns a stock worth about 750,000 billion VND.
The focus on state capital management in the Ministry of Finance is considered an important step to streamline the management apparatus, improve the effectiveness of supervision and optimize investment strategies in the context of the increasingly developing Vietnamese stock market.
