State Firms

At present, the level of efficiency in SOEs operation still remain modest and disproportionate to the amount of state capital under their disposal.

Some large state-owned enterprises are facing difficulties in business valuation, mainly due to complicated financial situations.

In a market-based economy, all economic actors compete fairly with each other, while state-owned enterprises (SOEs) are independent and accountable for their own performance, Deputy Prime Minister Truong Hoa Binh has said.

In 2019, nine state firms were supposed to proceed with privatization, but only three in the prime minister-approved list for privatization completed the process.