Vietnam sets 65% minimum state stake in major state banks through 2030
Vietnam has approved a plan keeping state ownership of BIDV, Vietcombank and VietinBank at or above 65% by 2030, Reuters reports.
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what happened
Vietnam has approved a plan requiring the state to hold at least 65% of its major state-run lenders by 2030. The plan is part of the 2026–2030 programme to restructure state capital and covers 21 state-owned and state-backed enterprises, according to Reuters.
The state currently owns 76.73% of BIDV and 74.80% of Vietcombank, both above the new threshold, while its VietinBank stake is 64.46%. The decision does not say how these levels will be reached or whether share sales, placements or capital raising will be used. Agribank will stay fully state-owned through 2030, and the state's direct stake in Vietnam Airlines is set to rise to 86.42% from 39.29%.
why it matters
For investors, the key point is that the state keeps control of its largest banks and strategic firms, but the lack of detail on mechanisms leaves open whether new share sales or placements could follow.
market impact
Vietnamese banks: state control is preserved, but the method for reaching the thresholds is unclear
tags
instruments
sources
- Vietnam sets 65% state ownership floor for major banks, to retain control of strategic groups — Reuters, 29 October 2026 at 03:22 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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