The targets were presented at a working session chaired by Gia Lai Provincial People's Committee Chairman Phạm Anh Tuấn, attended by Vice Chairman Dương Mah Tiệp, representatives of provincial departments and leaders of state-owned enterprises under provincial management.
According to Deputy Director of the Department of Finance Đinh Hữu Hòa, Gia Lai currently has 22 state-owned enterprises for which the Provincial People's Committee serves as the owner's representative. These comprise two lottery companies, two irrigation companies, 14 forestry companies, three public utility enterprises and one transportation company.
The enterprises have completed reviews of previous strategic plans, assessed current production and business operations, forecast market developments and outlined objectives, solutions and key targets for the 2026-2030 period.
Provincial officials said the enterprises had generally provided accurate assessments of their operations, identified growth potential and proposed development solutions aligned with local socio-economic priorities.
Under the new strategy, growth will be driven primarily by improvements in Total Factor Productivity (TFP) rather than expansion of capital and assets. Authorities plan to achieve this through technological innovation, digital transformation and stronger corporate governance and workforce quality.
Total revenue across the 22 enterprises is expected to increase from VND2.473 trillion ($94.8 million) in 2026 to VND3.545 trillion ($135.9 million) in 2030, representing an average annual growth rate of 10.86%.
The enterprises also aim for science and technology, innovation and digital transformation to contribute more than 50% of overall growth during the period.
Lottery companies are expected to remain the largest contributors, generating more than VND7.150 trillion ($274.1 million) in revenue, equivalent to 48.3% of total projected revenue.
The sector plans to focus on market expansion, management modernization, digital transformation, service quality improvement and workforce development.
The province's two irrigation companies target revenue of approximately VND993 billion ($38.1 million), with average annual growth of 11.4%. Their strategy includes upgrading irrigation infrastructure, promoting water-saving technologies, accelerating digital transformation and applying smart management systems to reservoirs and irrigation works.
The 14 forestry companies are projected to generate more than VND1.565 trillion ($60 million) in revenue. Their priorities include sustainable forest management, forest protection and expansion, increasing FSC-certified forest areas, developing large timber plantations, forest environmental services, carbon credits and under-canopy economic activities. The companies also plan to expand the use of GIS, GPS, drones and artificial intelligence in forest management.
State-owned enterprises operating in water supply, environmental services, urban greenery, public lighting, training and transportation are expected to generate more than VND5.093 trillion ($195.3 million) in revenue, with average annual growth of 12.52%. Their development plans focus on infrastructure investment, technology adoption, digital transformation, service quality improvement and market expansion.
To support the implementation of these strategies, the Department of Finance and participating enterprises proposed prioritizing public investment for deteriorating irrigation systems and digital transformation projects. They also called for faster completion of land records and land-use certificates for forestry companies, along with mechanisms to support large timber forests, carbon credit development and under-canopy economic activities.
Additional proposals included prioritizing projects aimed at reducing water losses, improving energy efficiency, promoting circular-economy waste treatment and supporting smart-city development. In the training and transportation sectors, enterprises requested support for modern training equipment, simulation technologies and digital management systems.
Concluding the session, Chairman Phạm Anh Tuấn said the enterprises had established initial strategic directions for the next development phase but stressed that further revisions were needed to ensure feasibility and create conditions for breakthrough growth.
He instructed the Department of Finance to support enterprises in comprehensively reviewing and strengthening their strategic plans, with a particular focus on governance reform. Enterprises were also asked to evaluate their 2021-2025 performance, identify both objective and subjective constraints, and clearly assess untapped resources and growth opportunities.
The chairman said growth targets should be built around TFP improvements and closely linked to the application of science, technology and digital transformation in management and business operations.
He urged state-owned enterprises to fundamentally change their approaches to leadership, management, production organization and operational processes, emphasizing innovation, creativity and effective use of existing growth potential.
Phạm Anh Tuấn also noted that the state-owned enterprise sector continues to show signs of bureaucratic and administrative rigidity. He called on enterprises to take the lead in reforming governance structures and operational practices to improve productivity and support sustainable long-term growth.
For forestry enterprises, he emphasized the need to strengthen natural forest protection, expand medicinal plant cultivation under forest canopies, promote afforestation, particularly large timber forests suited to local conditions—and ensure sustainable, circular exploitation of forest resources. He also highlighted the importance of developing carbon credit opportunities.
The chairman further encouraged state-owned enterprises to increase cooperation, share experiences and build stronger linkages based on their respective strengths in order to create synergies and support sustainable development across the sector.