Over 140 trillion VND for 7 state-owned enterprises to increase charter capital, boosting ‘super projects’

State-owned enterprises (SOEs) are cornerstones of the Vietnamese economy, targeting an 8% economic growth for 2025. To execute ‘super projects’, 7 major SOEs are set to raise their charter capital by over 140 trillion VND. This increase aims to enhance their ability to mobilize capital, participate in international tenders, and invest in key projects like Long Thanh Airport and the expanded Dung Quat oil refinery. For example, the Vietnam Expressway Investment and Development Corporation (VEC) will receive an additional 38.251 trillion VND to improve its financial capacity, while Vietnam Airlines plans to increase its capital by 22 trillion VND to recover from Covid-19. BSR and Petrolimex are also working on capital increases to modernize and maintain their market shares. The drafting of the Law on State Capital Management in Enterprises will promote transparency and facilitate SOEs in peppily and effectively mobilizing capital.