Heineken to shift production from Singapore to Vietnam and Malaysia
Dutch brewer Heineken will shift its brewing production from Singapore to Vietnam and Malaysia as part of its strategy to build a more agile regional supply approach.
SOEs’ growth crucial for nation’s sustainable development: PM
The PM highlighted the important role played by SOEs in the national economy, noting that although the number of groups and corporations represents only a small percentage of the nearly 1 million businesses operating in Vietnam, they hold a key position as a significant material force of the economy, and production and business activities in main economic and technical sectors.
 |
| Prime Minister Pham Minh Chinh speaks at the meeting with SOEs in Hanoi on April 15. (Photo: VNA) |
State-owned enterprises (SOEs) must strive to obtain high and sustainable growth to contribute to promoting Vietnam's high, rapid, and sustainable development, Prime Minister Pham Minh Chinh requested at a meeting with SOEs in Hanoi on April 15.
The PM highlighted the important role played by SOEs in the national economy, noting that although the number of groups and corporations represents only a small percentage of the nearly 1 million businesses operating in Vietnam, they hold a key position as a significant material force of the economy, and production and business activities in main economic and technical sectors.
He stated that the Government always supports, creates the best possible conditions for, and stands ready to address difficulties to help SOEs grow rapidly and sustainably, contributing to ensuring macroeconomic stability; controlling inflation; maintaining major economic balances; reducing public debt, government debt, foreign debt; and managing budget deficits effectively.
He stressed that digital transformation is an objective requirement, a strategic choice, and a top priority in the country's development process, including the development of businesses. Therefore, enterprises must take the lead in digital transformation, driving the process of building a digital government, digital society, and digital citizens.
The Government leader directed SOEs to proactively innovate and drive the three traditional growth engines, including consumption, exports, and investment, focusing on expanding and diversifying markets; promoting new growth drivers such as science and technology, innovation, digital transformation, green transformation, and circular economy; and applying smart governance solutions to reduce management costs and allocate funds for investment.
He asked for mutual support among groups, corporations, and SOEs in general, and demanded ministries and sectors to resolve any institutional obstacles, particularly the Law on Management and Use of State Capital Invested in Production and Business at Enterprises; remove unnecessary administrative procedures; develop strategic infrastructure to reduce logistics costs and lower input costs for enterprises.
The PM requested greater efforts in fighting corruption and negative practices, and managing monetary and fiscal policies effectively; and more solutions to promote connections between Vietnamese enterprises and foreign-invested (FDI) ones.
According to the Ministry of Finance, in 2024, Vietnam had 671 SOEs whose total asset exceeded 5.6 quadrillion VND (over 216 billion USD), with nearly 3 quadrillion VND in equity, total revenue of nearly 3.3 quadrillion VND, and pre-tax profit exceeding 227 trillion VND./.
Bài liên quan
Dành cho bạn
Đọc thêm
Lynas secures Vietnam metal processing deal with LS Eco Energy
Australian rare-earths miner Lynas has signed a framework agreement with LS Eco Energy to produce rare earth metals at a new facility in Vietnam.
Vietnam and EU seek to strengthen ties in transport infrastructure and urban development
Vietnam and the EU will enhance cooperation in transport infrastructure and sustainable urban development in the future, a meeting has heard.
Warburg Pincus eyes participation in Vietnam International Finance Centre
Global private equity firm Warburg Pincus is keen on participating in the Vietnam International Finance Centre, according to a conference held on March 23.
Novatek eyes expanded LNG cooperation in Vietnam
As Vietnam races to secure its energy future and meet the demands of its surging economy, a new partnership with a Russian energy giant is taking shape, signalling a deepening of the nations' long-standing ties.
EU to mobilise over $1 billion for major infrastructure projects in Vietnam
The European Union has launched a $46.4 million Sustainable Transport Development Fund to support large-scale infrastructure projects in Vietnam, with plans to mobilise additional financing from banks and private partners.
NIC partners with TU Berlin to boost Vietnam innovation ties
The National Innovation Centre has partnered with a leading technical university in Berlin to strengthen innovation and startup linkages between Vietnam and Germany.
ACB proposes $20 million non-life insurance subsidiary
Southern lender ACB has unveiled a formal proposal to establish a non-life insurance subsidiary as part of a strategic pivot to evolve into a comprehensive financial services provider by 2030.
