El País reports that Venezuela’s interim president, Delcy Rodríguez, announced that the government is moving forward with the valuation of non-essential state-owned assets to determine which can be transferred to private investors or returned to their former owners. The initiative continues a process launched in April 2026 through a special commission tasked with classifying public assets and identifying which industries are considered strategic. The hydrocarbons sector is excluded from this process.
The commission includes representatives from the government and private sector to strengthen economic activity and provide greater legal certainty for investors. The announcement comes as the government also reports signing 61 new hydrocarbon agreements with domestic and international investors.
The government’s initiative could represent a significant shift toward greater private-sector participation in Venezuela’s economy.
Returning or privatizing non-essential public assets could help restore productive capacity, attract investment, and improve the use of underperforming state-owned businesses. However, the success of the process will depend on transparent valuations, clear ownership guarantees, and a reliable legal framework.
For Venezuela’s economic reconstruction, restoring confidence in private property and creating predictable conditions for investment will be essential to reviving industrial activity and supporting long-term growth.
VZ Economics examines how the return and privatization of state-owned assets could reshape Venezuela’s investment climate, particularly the role of private capital in rebuilding key industries and restoring productive capacity.
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