Implementing the Law on Management and Investment of State Capital in Enterprises.
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The Law on Management and Investment of State Capital in Enterprises was adopted by the 15th National Assembly at its 9th session on June 14, 2025, and will take effect from August 1, 2025. This law fully and promptly institutionalizes the Party’s guidelines and the State’s policies on the management and investment of state capital in enterprises. To ensure the synchronized, unified, timely, and effective implementation of the Law on Management and Investment of State Capital in Enterprises (Law No. 68/2025/QH15), the Prime Minister has issued an Action Plan for its execution.
The purpose of this Action Plan is to clearly define the tasks, timelines, completion deadlines, and responsibilities of relevant agencies and organizations involved in implementing Law No. 68/2025/QH15. It ensures timely, synchronized, unified, effective, and efficient execution, while also assigning responsibilities to lead and coordinating agencies for nationwide implementation. Additionally, the plan aims to raise awareness of Law No. 68/2025/QH15 and the responsibilities of ministries, sectors, localities, and enterprises in its implementation.
Key Components of the Action Plan
The Action Plan includes the following components:
1. Disseminating, popularizing, and educating on Law No. 68/2025/QH15, along with legal documents providing detailed guidelines and measures for its implementation.
2. Drafting legal documents that provide detailed provisions for Law No. 68/2025/QH15.
3. Developing legal documents outlining measures to organize and guide the implementation of Law No. 68/2025/QH15.
4. Compiling professional and specialized guidance materials on the management and investment of state capital in enterprises; reviewing, systematizing, and implementing legal documents related to this field.
5. Conducting training and capacity-building programs for officials and civil servants involved in monitoring and managing state capital investment in enterprises.
Under the Action Plan, central and local authorities will organize diverse and context-appropriate activities to communicate and disseminate the content of Law No. 68/2025/QH15 and its new provisions. This includes in-depth training conferences, specialized workshops, and media campaigns on various platforms. Updates will be published on the National Legal Dissemination and Education Portal at http://pbgdpl.gov.vn.
To provide detailed regulations for Law No. 68/2025/QH15, the Prime Minister has assigned the Ministry of Finance to lead the drafting of three Decrees, and the Ministry of Home Affairs to draft two Decrees, as outlined in Decision No. 1526/QĐ-TTg dated July 14, 2025.
Additionally, the Prime Minister has tasked relevant agencies with drafting legal documents specifying measures to organize and guide the implementation of Law No. 68/2025/QH15, including:
The Ministry of Finance will lead the development of: 1 Decree on the financial regime for credit institutions, foreign bank branches, and financial supervision and investment efficiency evaluation of state-owned credit institutions; 1 Decree on financial management mechanisms for lottery businesses; 1 Decree on specific financial management and operational efficiency evaluation for the Vietnam Stock Exchange, the Vietnam Securities Depository, and the Vietnam Asset Management Company (DATC). These Decrees must be submitted to the Government by December 15, 2025.
Development of 6 Decrees on operational and financial management mechanisms for enterprises in specific sectors
The Prime Minister has also assigned relevant agencies to draft six Decrees on operational and financial management mechanisms for enterprises in specific sectors, including: 1 Decree for state capital investment and management companies (including the State Capital Investment Corporation); 1 Decree for enterprises under the Ministry of National Defense (including Viettel Group); 4 Decrees for enterprises under the Ministry of Finance (including PVN, EVN, TKV, and Vietnam Railways); and 1 Decree on state ordering and task assignment mechanisms for enterprises in political, diplomatic, defense, security, and emergency situations.
– 20:30 26/09/2025
“The State Capital Investment and Management Law: Ensuring SOEs Operate Within Market Mechanisms”
The proposed Law on State Capital Management and Investment in Enterprises aims to empower businesses by affording them greater autonomy in specific areas. Instead of prescribing detailed regulations on “capital and asset utilization within enterprises,” the law takes a more holistic approach. It entrusts businesses with the responsibility to make decisions on matters such as state capital investment, capital mobilization, asset acquisition and disposal, and debt management. This shift in focus empowers enterprises to chart their own course and make strategic decisions that align with their unique goals and market dynamics.
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