On 4/5, General Phan Van Giang, Deputy Prime Minister and Minister of National Defense, chaired an expanded meeting of the Central Military Commission's Standing Committee. Leaders from the General Staff presented a report and proposed that the Standing Committee provide feedback on the restructuring of military enterprises for the 2026-2030 period.

Initially, the Central Military Commission will continue to restructure state capital in enterprises with similar functions, combined with investment to enhance their capabilities. This aims to meet the demands of military and national defense tasks, and national economic development in the new situation.

As enterprises operate and develop, the Central Military Commission has set a roadmap for them to acquire the capacity and conditions to establish economic corporations by 2030.

General Phan Van Giang, Deputy Prime Minister and Minister of National Defense. *Photo: Ministry of National Defense*

General Phan Van Giang approved the establishment of a Ministry of National Defense Steering Committee for the restructuring of state capital in enterprises under the Ministry of National Defense for the 2026-2030 period. He directed the General Staff to research and adjust the organization and personnel of agencies and units to ensure they are streamlined, efficient, and progressively achieve full technological self-sufficiency to meet tasks in the new situation.

The Ministry of National Defense currently oversees many large military enterprises, including: the Military Industry and Telecommunications Group (Viettel), the General Department of Defense Economic and Technical Industry (GAET), the Military Petrochemical General Corporation (Mipec), Dong Bac General Corporation, Tan Cang Saigon General Corporation, Ba Son General Corporation, Lung Lo Construction General Corporation, Truong Son Construction General Corporation, Thanh An General Corporation, Thai Son General Corporation, General Corporation 319, and Military Commercial Joint Stock Bank.

Son Ha