Vietnam Sets 65 Percent State Ownership Floor for Banks

Vietnam has approved a plan to maintain a minimum state ownership level of 65 percent in major state-run lenders by 2030. The restructuring program covers key enterprises and aims to preserve strategic state control.

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People ride motorcycles in front of the headquarter of the State Bank of Vietnam in Hanoi, Vietnam, November 19, 2024. REUTERS/Khanh Vu

Vietnam has approved a plan to set a 65% state ownership floor for major lenders by 2030. The restructuring framework covers 21 state-backed enterprises to preserve control in strategic sectors. The policy gives authorities flexibility to adjust holdings across selected financial institutions.