While Viet Nam’s state-owned enterprise (SOE) reforms have focused mainly on conversion of small and medium-sized businesses to joint stock companies with limited liabilities, many of the remaining SOEs are large, complex and weak performers, accounting for 40% of assets in the enterprise sector. From February 2012 to January 2014, this technical assistance will provide support to the Ministry of Finance to update institutional and policy frameworks governing SOE restructuring, drawing on lessons learned from pilot restructurings under an earlier multitranche financing facility.