Vietnam sets 65pct state ownership floor for major banks
HANOI: Vietnam has approved a plan to set the minimum state ownership level for state-run lenders at 65 per cent by 2030, part of a broader programme to restructure state capital in major enterprises and banks.
Hanoi has endorsed a plan to set a minimum state ownership level of 65% for state-run banks and lenders by 2030, as part of a broader restructuring program aimed at reorganizing state capital in major enterprises. This 21-point plan, released late on Wednesday, is part of Vietnam's 2026-2030 strategy to preserve state control in key sectors while providing authorities the flexibility to adjust their holdings in certain companies and lenders.
The government intends to maintain at least 65% stake in BIDV, Vietcombank, and VietinBank by 2030. Currently, the government holds 76.73% in BIDV, 74.8% in Vietcombank, and 64.46% in VietinBank. The plan does not specify the mechanism to achieve these ownership levels or whether any stake sales, placements, or capital raising will occur.
Notably, 100% state ownership is retained in Agribank, Vietnam Electricity, the Vietnam National Industry-Energy Group, the Vietnam Expressway Corporation, and Vietnam Airlines, with the state's direct holding in Vietnam Airlines set to increase to 86.42% by 2030 from the current 39.29%. The government's stake in Vietnam Rubber Group is projected to decrease from 96.77% to 75% through 2030, ensuring its majority control.
As of the end of 2025, Vietnam had 695 state-owned enterprises, including 497 wholly owned by the government.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
