New state capital rules could unlock wave of stock revaluations
Vietnam’s Decision No.40/2026/QD-TTg (Aug 5, 2026) sets criteria for state-capital restructuring, shifting focus from administrative compliance to financial efficiency and autonomy. BSC Research cites related policies (Res.79, Decree 57/2026) and a Aug 31 deadline for 2026-2030 plans. Listed firms with high state ownership include ACV, GAS, GVR, BSR, MVN, POW, VEA, HVN, BCM, BID, VCB.

