General Secretary To Lam has just signed and promulgated the Politburo's Resolution on state economic development (Resolution No. 79-NQ/TW, dated January 6, 2026).
The Resolution clearly states the guiding viewpoint: The state-owned economy (SA) plays a leading role in the socialist-oriented market economy, ensuring macroeconomic stability, major balances of the economy, strategic development orientation, maintaining national defense and security; contributing to promoting cultural values and progressive justice, social security; is an important resource for the State to control and promptly intervene to meet unexpected and urgent requirements arising.
KTNN is equal before the law with other economic sectors, developing together for a long time, cooperating and competing fairly; accessing resources, markets and development opportunities fairly, publicly, and transparently; together with domestic economic sectors, building an autonomous, self-reliant, and self-strengthening economy, ensuring economic security, promoting deep, substantive, and effective international integration...
The SAV must be a pioneer in creating development, leading, paving the way, promoting industrialization, modernization, restructuring the economy and establishing a new growth model, taking science, technology, innovation and digital transformation as the main driving force, improving national competitiveness.
Promote the restructuring of state-owned enterprises; focus on improving operational efficiency, applying advanced technology, and modern management models according to international standards.
The Resolution also emphasizes focusing on building and developing large economic groups, corporations, state-owned enterprises, and state-owned commercial banks, playing a pioneering and leading role, creating motivation to promote key, strategic, regional and global competitive industries and fields or essential industries and fields.
Promoting the role of state-owned enterprises and public non-business units in linking and cooperating in research and development of science and technology.
The Resolution sets out the goal that by 2030, regarding the state budget, national reserves, and state financial funds outside the budget, the rate of budget mobilization for the period 2026 - 2030 will be about 18% of GDP; budget deficit of about 5% of GDP; public debt not exceeding 60% of GDP; proportion of development investment expenditure of about 35 - 40% of total budget expenditure, proportion of regular expenditure of about 50 - 55% of total budget expenditure...
Regarding state-owned enterprises, strive to have 50 state-owned enterprises in the group of 500 largest enterprises in Southeast Asia and from 1-3 state-owned enterprises in the group of 500 largest enterprises in the world;
Build a number of strong economic groups and state-owned enterprises with large scale, modern technology, regional and international competitiveness, playing a pioneering role, leading domestic enterprises to deeply participate in a number of global production and supply chains, especially in key and strategic sectors of the economy;
100% of state-owned enterprises implement modern corporate governance on digital platforms; 100% of economic groups and state-owned corporations apply OECD governance principles.
Strive to reach the national reserve level of 2% of GDP by 2045; about 60 state-owned enterprises in the group of 500 largest enterprises in Southeast Asia;
5 state-owned enterprises in the group of 500 largest enterprises in the world; at least 50% of public non-business units self-guarantee regular expenditures, investment expenditures or self-guarantee regular expenditures operate effectively according to the market mechanism.
