The policy direction is outlined in the Politburo’s Resolution No. 10 recently signed by Party General Secretary and State President To Lam.

From capital attraction to strategic investment development
 

According to the resolution, foreign direct investment (FDI) has become a key driver of Vietnam’s economy over nearly four decades of economic reform and international integration.

The sector has contributed to industrial development, economic restructuring and Vietnam’s deeper participation in global production networks.

However, the resolution points out that investment outcomes have not fully matched the country’s potential. The localisation rate is relatively low, linkages between foreign and domestic enterprises are still limited, and technology transfer has fallen short of expectations.

To address these challenges, Vietnam plans to shift from a traditional capital-attraction approach toward the development of a strategic national investment ecosystem.

Rather than competing primarily through incentives or administrative boundaries, the country will prioritise investment linked to industrial clusters, global value chains and innovation ecosystems.

Investment quality, efficiency and technology transfer capacity will become key criteria in project selection, while incentives will increasingly be tied to investors’ performance and fulfillment of commitments.

Commitment to a transparent and stable investment environment

The Politburo reaffirms that the foreign-invested sector is an important component of the national economy and will continue to receive long-term support and equal treatment.

Vietnam pledges to strengthen protections for intellectual property rights, property rights and the legitimate interests of investors while maintaining a transparent, stable and predictable investment environment aligned with international standards.

By 2030, it aims to rank among ASEAN’s leading countries in terms of business environment, competitiveness, innovation and its ability to attract high-quality foreign investment projects.

Up to US$300 billion in FDI expected by 2030

For the 2026–2030 period, Vietnam targets between US$200 billion and US$300 billion in newly registered FDI, with implemented capital reaching between US$150 billion and US$200 billion, with approximately 75% of incoming investment expected to originate from developed economies.

The resolution also sets a goal of attracting at least three of the world's leading technology corporations to establish headquarters or research and development (R&D) centres in Vietnam.

Another notable target is raising the average localisation rate to between 45% and 50%, while enabling around 10,000 Vietnamese enterprises to participate in the value chains of foreign-invested companies.

Focus on semiconductors, AI and strategic technologies

To achieve these objectives, Vietnam will prioritise investment in high-tech and strategic industries capable of generating breakthrough growth.

Key sectors include electronics manufacturing, semiconductors, digital equipment, artificial intelligence (AI), big data, cloud computing and other advanced technologies.

The Politburo also stresses that localities must avoid competing for investment at any cost and should not sacrifice environmental protection, natural resources, social welfare or economic security for short-term growth.

Additional measures include institutional reforms, development of high-quality human resources, upgrades to strategic infrastructure, more competitive investment incentives and stronger oversight to prevent transfer pricing and trade fraud while ensuring investors fulfill their commitments.

 

 

Source: VOV

Original link