Vietnam state economic and institutional reforms

Vietnam is undergoing institutional reforms driven by Politburo directives to reshape the state-owned economic sector and modernize leadership.

In October 2026, VietinBank began implementing Resolution 79-NQ/TW, a strategic framework designed to enhance the capacity of the state economy, ensure national financial security, and support sustainable development. This initiative aims to address historical inefficiencies in state-owned enterprise management by applying scientific management theories within a socialist-oriented market economy model.

Concurrently, the State Bank of Vietnam (SBV) has moved to implement resolutions from the 4th Central Committee Meeting of the XIV Term. These efforts focus on innovating leadership methods and personnel management. According to SBV Governor Pham Duc An, the reforms include strengthening the political system, managing the business involvement of party members, and executing national strategies to develop talent. These organizational changes are intended to align with national socio-economic development plans for 2026 and 2027.