In 2025, despite the impact of complex global and regional developments, supply chain disruptions, market price fluctuations, and increasing competitive pressures, military enterprises maintained positive growth momentum and fulfilled their production and business tasks in conjunction with defense and security tasks. The vast majority of enterprises met or exceeded their assigned targets, and none reported losses.
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Senior Lieutenant General Nguyen Quang Ngoc addresses the meeting. |
At the conference, delegates focused on analyzing difficulties and obstacles affecting production and business operations, while proposing measures to improve mechanisms and policies and remove bottlenecks related to investment, finance, and capital management.
Many participants emphasized that military enterprises should continue to modernize corporate governance, accelerate digital transformation, enhance competitiveness, expand markets, and strengthen cooperation in order to develop highly competitive value chains.
Concluding the event, Sr. Lt. Gen. Nguyen Quang Ngoc required military enterprises to thoroughly grasp and effectively implement the guidelines and resolutions of the Party and the State, while decisively carrying out their 2026 production and business plans in line with the objective of achieving double-digit growth.
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Sr. Lt. Gen. Nguyen Quang Ngoc and delegates visit exhibition booths showcasing products developed by military enterprises. |
According to the plan, 83 military enterprises are expected to generate a total revenue of more than VND 483.6 trillion in 2026, representing an increase of nearly 13% compared to the previous year. Pre-tax profit is projected to exceed VND 70.6 trillion, while contributions to the state budget are estimated at approximately VND 55.8 trillion. To date, 69 enterprises have developed plans that meet the double-digit growth target for 2026.
The defense leader also instructed military enterprises to continue restructuring their operations, enhance governance capacity, improve the efficiency of state capital and asset management, resolve outstanding financial issues, and strictly comply with legal regulations, among others.
Translated by Quynh Oanh