Platform for locomotives to reach the world
The goal of having 1 to 3 state-owned enterprises among the world's 500 largest enterprises by 2030 is not simply a size indicator. Behind that goal is the need to form national leaders capable of leading strategic industries, mastering technology, expanding value chains and improving the competitiveness of the economy.
State-owned enterprise development goals
Setting this goal not only aims to enhance the position of state-owned enterprises but also contributes to creating a solid foundation for the sustainable development of the economy. These businesses will play an important role in:
- Promote innovation.
- Enhance competitiveness.
- Meet domestic and foreign market needs.
Strategic orientation
To achieve this goal, specific strategic directions are needed as follows:
- Increase investment in research and development.
- Promote public-private cooperation in key areas.
- Develop policies to encourage innovation and entrepreneurship.
The role of technology
Technology will be a key factor in creating breakthroughs for state-owned enterprises. Mastering new technologies will help:
- Expand production scale.
- Improve product quality.
- Reduce production costs.
Expand the value chain
Expanding the value chain not only helps businesses increase profits but also creates many job opportunities for workers. Businesses need to:
- Invest in areas with high potential.
- Promote product export.
Summary of target 2030 information
| Target | Detail |
|---|---|
| Number of businesses | 1-3 state-owned enterprises in the world's top 500 |
| Completion time | 2030 |
| Orientation | Innovate and expand the value chain |
| Technology | Actively master new technology |
With clear strategies and goals, it is hoped that state-owned enterprises will become stronger, reach out to the world and become the driving forces of the national economy.