THE SOCIALIST REPUBLIC OF VIET NAM
Government News
Gov’t issues action plan to develop FDI sector
VGP - The Government has promulgated an action plan to implement the Politburo's Resolution No. 10-NQ/TW on developing the foreign-funded economic sector.
The action plan aims to institutionalize and comprehensively and consistently implement the viewpoints, objectives, tasks and solutions set out in Resolution 10, dated June 8, 2026, while identifying specific tasks for ministries, sectors and localities to organize implementation, inspection, supervision and evaluation.
The plan seeks to ensure the effective and sustainable development of the foreign-invested economic sector and turn Viet Nam into a competitive destination for high-quality, medium- and long-term foreign investment.
Ministries, sectors and localities are required, alongside their regular tasks, to renew their thinking and build a common understanding of the position and role of the foreign-invested economic sector; improve institutions and the investment and business environment; and develop high-quality human resources while attracting and effectively utilizing talent.
They are also tasked with upgrading and completing infrastructure to support strategic investment; renewing orientations for attracting foreign investment by industry, sector and locality; and promoting the green and digital economies, technology transfer, greater spillover effects and stronger linkages between foreign-invested and domestic enterprises.
The plan also calls for renewed and more effective investment promotion, more efficient State management, and the completion of mechanisms and policies related to foreign indirect investment.
Regarding investment attraction by industry and sector, the Ministry of Finance is tasked with studying and reporting to competent authorities on preferential and support policies featuring enhanced incentives and special, flexible investment procedures for core projects.
Such incentives will be linked to investors' commitments to technology transfer, research and development, workforce training, domestic added value, development of domestic suppliers, green transition and digital transformation.
The ministry will also identify criteria and procedures for selecting strategic investment projects, together with mechanisms to monitor and support such projects at different stages of development.
Localities, meanwhile, are required to formulate lists of priority investment projects based on their potential, advantages and development orientations; establish roadmaps for attracting foreign investment; and incorporate these priorities into their annual and five-year socio-economic development plans.
Priority will be given to high-quality projects capable of generating spillover effects and strengthening linkages with domestic businesses, while contributing to the development of industry clusters and industrial-service ecosystems.
Resolution 10 represents a shift from attracting FDI primarily for capital toward developing a high-quality foreign-invested economic sector that contributes technology, innovation, human resources, domestic linkages and higher value added to Viet Nam's growth model.
Resolution 10: From FDI attraction to FDI-sector development
Resolution 10 represents a shift from attracting FDI primarily for capital toward developing a high-quality foreign-invested economic sector that contributes technology, innovation, human resources, domestic linkages and higher value added to Viet Nam's growth model.
The Resolution shifts the focus from "FDI attraction" to "FDI-sector development," regarding the foreign-invested economic sector as an important and organic component of the national economy. The sector is to be developed alongside the State and domestic private sectors, rather than as a separate segment, while the focus is expanded beyond direct investment to include foreign indirect investment, capital markets and international financial institutions.
The Resolution also calls for moving away from measuring success primarily by the number or size of FDI projects, giving priority instead to projects featuring advanced technology, innovation, modern management, high added value and strong spillover effects. It also seeks to avoid attracting investment at the expense of the environment, natural resources, social welfare or economic security.
By 2030, Viet Nam aims to attract US$200–300 billion in registered FDI and US$150–200 billion in disbursed FDI. Of newly registered capital, 75 percent is expected to come from developed economies with technological, financial and modern-management capabilities. The Resolution also targets an average localization rate of 40–50 percent in key industries and around 10,000 Vietnamese enterprises participating in the supply chains of FDI enterprises.
The Resolution envisages special and flexible procedures and incentives for strategic, large-scale and technology projects with significant supply-chain or regional impacts.
It also calls for closer integration among FDI, foreign indirect investment, capital markets, international financial centres, free-trade zones, economic and industrial zones, high-tech parks, innovation centres, and logistics, data and energy infrastructure.
The aim is to create conditions for multinational corporations to establish regional headquarters, R&D, design, service and operational centres in Viet Nam.
Technology and innovation, along with green and digital transformation, are also placed at the centre of the FDI development strategy. FDI is expected to contribute more directly to Viet Nam's new growth model based on science and technology, innovation, digital transformation, green transition, technology transfer and high-quality human resources.
The Resolution calls for a transparent, stable, predictable and internationally competitive investment environment, stronger State coordination, digital-, data- and AI-based investment management, and mechanisms to select, support and monitor strategic investors./.