Vietnam state-owned firms propose growth reforms in first meeting with new government

Domestic and foreign business leaders met with the newly appointed Government Standing Committee on Saturday, chaired by Prime Minister Lê Minh Hưng. They urged faster institutional reforms and more predictable policies to support Vietnam’s goal of double‑digit economic growth.

Viettel Group chairman Tào Đức Thắng called for the creation of a list of nationally strategic state‑owned enterprises—such as Viettel, VNPT, MobiFone, FPT and CMC—tasked with broader missions beyond profit, including developing strategic technologies, expanding domestic supply chains, and participating in major national projects. He also recommended mechanisms to prioritize Vietnamese suppliers and to assess performance on supply‑chain and SME support metrics.

PetroVietnam chairman Lê Ngọc Sơn advocated legal reforms for the energy sector, including amendments to petroleum and electricity legislation and clearer rules for offshore wind development. He proposed integrated value chains that combine domestic firms and foreign investors in large‑scale projects such as gas‑to‑power, LNG infrastructure and wind farms, and urged the government to adopt a national logistics plan and an investment promotion fund to help state‑owned firms expand abroad.