Viet Nam charts new course for FDI attraction

Resolution 10 aims to transform Viet Nam into one of Asia's leading centers for foreign investment, innovation, research and development, and high-tech manufacturing, making it a key link in global supply chains.

The development of the foreign-invested sector must be viewed within the broader context of national development, as Viet Nam establishes a new growth model based on science and technology, innovation, digital transformation, green transition, and enhanced strategic autonomy.

Resolution 10 clearly reflects a new mindset in the development of the foreign-invested sector, affirming that it is an important component of the national economy and setting the goal of making Viet Nam a competitive destination for high-quality, medium- and long-term foreign investment.

Specifically, by 2030, Viet Nam aims to rank among ASEAN's leading countries in terms of the business and investment environment, competitiveness, innovation, public service quality and capacity to attract high-quality foreign investment projects.

During the 2026-2030 period, Viet Nam is targeting annual registered foreign investment of approximately US$40-50 billion and annual disbursements of US$ 30-40 billion. 

Of the registered investment, around 75 percent is expected to come from developed economies with strong technological capabilities, substantial capital resources, and modern management expertise.

It places the development of the foreign-invested sector within the broader strategy of enhancing national autonomy and competitiveness.

The resolution sets a target of having around 10,000 Vietnamese enterprises participating in the value and supply chains of foreign-invested companies by 2030, including approximately 500-1,000 first-tier suppliers. The average localization rate in key industries is expected to reach 45-50 percent.

By 2045, the foreign-invested sector is expected to account for around 25 percent of total social investment and contribute approximately 30 percent of GDP.

Resolution 10 is expected to create a legal and policy ecosystem that encourages foreign enterprises to grow alongside Vietnamese businesses. This comes at a time when the private sector has been positioned as one of the central drivers of the national economy./.