Striving to have at least 3 banks in the group of 100 largest banks in Asia
On February 25, a conference was held in Hanoi to thoroughly grasp the national research, study, thoroughly grasp and implement Resolution No. 79-NQ/TW on state economic development and Resolution No. 80-NQ/TW of the Politburo on Vietnamese cultural development.
Comrade Nguyen Thanh Nghi, Member of the Politburo, Secretary of the Party Central Committee, Head of the Central Policy and Strategy Committee, presented the content of Resolution No. 79-NQ/TW, dated January 6, 2026 of the Politburo on state economic development (SEZ).
Resolution No. 79-NQ/TW of the Politburo is an important innovation in the Party's theoretical thinking and awareness of SAV.
Regarding development goals and visions, the Resolution sets out general goals and specific goals for SAV development to 2030, vision 2045, in which the general goal is associated with the role and function of SAV in the new era.
Improve efficiency, promote the leading role in key and strategic areas; support economic sectors to develop together; contribute to promoting rapid and sustainable development, ensuring national defense and security, promoting social equity progress, improving people's lives; contribute to the successful implementation of 2 goals of 100 years of national development.
Specific goals need to be achieved for 6 components of the SAV regarding land, resources; infrastructure assets; budget, national reserves.
In which, closely following the goals to 2030 in the documents of the 14th Party Congress, Resolution No. 79 requires the implementation of the following targets:
The mobilization rate of budget sources is about 18% of GDP; budget deficit is about 5% of GDP; public debt is not more than 60% of GDP; development investment expenditure is about 35-40% of budget expenditure; recurrent expenditure is about 50-55% of total budget expenditure.
Regarding state-owned enterprises, in addition to continuing to complete the Party's goals on restructuring and improving the efficiency of state-owned enterprises, Resolution 79 sets out a number of quantitative targets to be achieved by 2030:
Strive for 50 enterprises to be in the group of 500 largest enterprises in Southeast Asia; from 1-3 enterprises to be in the group of 500 largest enterprises in the world; 100% of enterprises have modern management on digital platforms; 100% of economic groups and state-owned corporations apply OECD governance principles.
Regarding state-owned credit institutions, at least 3 banks belong to the group of 100 largest banks in Asia in terms of total assets; 4 banks are pioneers in technology, management, and dominant in scale, market share, and market regulation.
Improving risk management capacity
Regarding key tasks and solutions, the Politburo requested to focus on strongly and substantively implementing tasks and solutions.
Typically, the Resolution proposes many groups of general solutions, including innovating leadership thinking, state economic management with a focus on strongly shifting from administrative management to development creation, modern governance; improving responsibility, drastic and effective action.
The Resolution also outlines specific tasks and solutions with 7 groups of tasks and solutions related to 7 fields: land; water resources; mineral resources; marine economy; airspace resources, space economy and low-altitude economy; underground space; digital resources and telecommunications resources.
In which, it is necessary to thoroughly grasp and implement a number of new and key tasks and solutions such as promulgating the amended Land Law and guiding documents to remove obstacles in land management and unlock resources from land.
Have appropriate policies to promote access to and master the technology of deep exploitation and processing of minerals, especially strategic minerals.
For State-owned credit institutions, continue to implement solutions on applying modern management standards, increasing charter capital for state-owned commercial banks, ensuring information transparency and accountability for state-owned credit institutions.
The focus is on improving risk management capacity, building a comprehensive digital transformation strategy for state-owned credit institutions; digitizing services, data, real-time capital management; developing digital banking services, expanding the provision of online financial products to all regions of the country.
Organizing and rearranging the state-owned commercial bank network and increasing charter capital needs to be identified as an important solution to improve financial capacity, capital adequacy ratio and operational efficiency.
Improve mechanisms and policies for the Vietnam Bank for Social Policies and comprehensive restructuring towards streamlining, efficiency, and diversifying resources for the Vietnam Development Bank.
