Vietnam has approved a plan requiring the state to retain at least 65% ownership in key state-run lenders by 2030.
The measure is part of the country’s 2026–2030 programme to restructure state capital in major companies and banks.
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The plan covers 21 state-owned and state-backed enterprises. It aims to keep state control over strategic sectors while allowing authorities to alter holdings in selected companies and lenders.
The state will maintain stakes of no less than 65% in BIDV, Vietcombank, and VietinBank.
Its current ownership in BIDV is 76.73%, while its holding in Vietcombank stands at 74.80%. The government owns 64.46% of VietinBank.
The decision did not set out how the ownership targets would be achieved. It did not say whether the process would involve share sales, placements, or capital raising.
Agribank will remain fully state-owned through 2030, making it the only bank included in the plan to retain 100% state ownership.
The government will also keep full ownership of several strategic enterprises, including Vietnam Electricity (EVN), Vietnam National Industry-Energy Group (PetroVietnam), and Vietnam Expressway Corporation (VEC).
The plan calls for the state’s direct stake in Vietnam Airlines to increase to 86.42% by 2030, from 39.29% currently.
State-owned investor State Capital Investment Corporation already holds about 47% of the airline, according to LSEG data.
Meanwhile, the government’s holding in Vietnam Rubber Group is expected to fall to 75% from 96.77%, while maintaining majority control. Vietnam had 695 state-owned enterprises at the end of 2025, including 497 wholly owned by the government, according to local media reports.
