In presence of Deputy Prime Minister Ho Duc Phoc, Minister of Finance Nguyen Van Thang and Chairman of CMSC Nguyen Hoang Anh signing and formally exchanging transfer agreement.

Speaking at the ceremony, Chairman of CMSC Nguyen Hoang Anh emphasized that the transfer of state capital ownership rights from the Commission to MOF marks not only a significant transition in the management and development of 18 state-owned corporations but also underscores the Party and the Government’s strong commitment to enhancing governance efficiency and maximizing the potential of state-owned enterprises in the evolving economic landscape.

According to Chairman of CMSC Nguyen Hoang Anh, the 18 state-owned economic groups and corporations transferred to MOF are industry leaders, holding pivotal roles in the national economy. These enterprises operate across a diverse and complex range of sectors, spanning 16 economic and technical industries.

The transfer of personnel from the Commission to MOF for the continued management of the 18 state-owned corporations will facilitate a seamless transition, ensuring consistency, operational continuity, and efficiency in handling corporate affairs without disruption to business operations.

Addressing this year’s minimum growth target of 8%, Deputy Prime Minister Ho Duc Phoc emphasized that economic growth is primarily driven by enterprises. Therefore, achieving this goal requires strong measures to foster business development. In this context, MOF, along with state-owned corporations, bears a significant responsibility. They must collaborate closely, drive innovation, and demonstrate unwavering determination to successfully fulfill their mandate, meet the set targets, and contribute their intellect and efforts to the nation’s overall development.

Delegates attending handover ceremony

Minister of Finance Nguyen Van Thang emphasized that the 18 state-owned economic groups and corporations are industry leaders with highly efficient operations, making significant contributions to state budget revenue and playing a key role in guiding other economic sectors. These enterprises serve as a cornerstone in affirming the nation's economic standing. Therefore, the success of national development goals and strategic directions is closely tied to their contributions.

Given this, these corporations bear a heavy responsibility—not only to ensure effective business operations but also to drive economic growth, contribute to state revenue, and maintain macroeconomic stability. The Minister also directed relevant agencies and departments within the Ministry to provide continuous support, collaboration, and assistance to these enterprises.

Translator: Hoàng Duy Khánh