Resolution No.10-NQ/TW: Positive and timely evolution of Viet Nam's investment strategy

The Politburo issued Resolution No. 10-NQ/TW, dated June 8, 2026, on developing the foreign-invested economic sector.

In a recent interview with the VGP, Gillin said, over the past several decades, foreign investment has played a critical role in Viet Nam's remarkable economic development.

Today, however, global competition for investment is changing, and success is increasingly measured not simply by the amount of capital attracted, but by the value that investment creates.

"We are encouraged that the Resolution places greater emphasis on advanced technology, innovation, research and development, high-skilled employment, and stronger linkages with Vietnamese businesses. These are areas where many American companies already excel", he shared.

U.S. companies tend to make long-term investments that bring international standards, workforce development, modern management practices, and integration into global supply chains—not simply manufacturing capacity.

From AmCham perspective, this approach also supports Viet Nam's broader ambitions to move further up the value chain and achieve its long-term goal of becoming a high-income economy with sustained double-digit growth. The focus on quality investment aligns well with that vision, the AmCham Chairman noted.

Regarding the Resolution's impact on current and future American investors, Gillin said, the Resolution recognizes that investment should be evaluated not only by the capital invested, but by technology transfer, innovation, supplier development, and value creation, expressing his belief that better reflects the contributions many U.S. companies have already been making in Viet Nam.

The emphasis on developing stronger domestic supply chains is particularly important. Many AmCham members are committed to increasing local sourcing and helping Vietnamese suppliers meet international quality, environmental, and compliance standards. Stronger local suppliers benefit everyone by making Viet Nam an even more competitive manufacturing and innovation hub, underlined the AmCham chairman.

He hailed the focus on digitalizing government services, simplifying administrative procedures, and improving project implementation, adding that these types of reforms reduce uncertainty, lower costs, and allow companies to focus on growing their businesses.

Resolution No. 10 sets stage for Viet Nam's next generation of quality investment

In terms of policies helping Viet Nam become a more attractive destination for global technology companies and innovation-driven investments, Gillin said, Viet Nam has already established itself as one of Asia's leading manufacturing destinations. The next phase is becoming a leading destination for innovation as well.

That requires several ingredients working together. First is a predictable and transparent regulatory environment where companies have confidence that policies will be implemented consistently. Second is strong intellectual property protection, which is essential for companies investing in cutting-edge technologies and research, told the AmCham chairman.

Talent is equally important. Continued investment in STEM education, vocational training, university partnerships, and workforce development will help ensure Viet Nam has the skilled engineers, technicians, researchers, and managers needed to support increasingly sophisticated industries, he added.

Finally, innovation depends on speed. Companies benefit from efficient licensing procedures, modern digital government services, streamlined customs, reliable infrastructure, and access to clean and dependable energy. When these elements come together, Viet Nam becomes even more competitive for high-value investment, suggested Gillin.

To translate the Resolution into tangible results, AmCham proposed three priority actions.

First, it called for consistent implementation of reforms across ministries and provinces, saying policy consistency would strengthen investor confidence and improve business predictability.

Second, it recommended continued investment in the foundations of long-term competitiveness, including high-quality human resources, modern infrastructure, digital connectivity and reliable energy systems.

Third, the chamber emphasized the importance of maintaining regular dialogue between the Government and the business community. It highly appreciated the Vietnamese Government's willingness to consult businesses during the policymaking process and said continued public-private engagement would help address implementation challenges early while ensuring reforms remain practical and effective.

AmCham concluded that Viet Nam has built an impressive track record in attracting foreign investment over the past three decades. Resolution No. 10 provides an opportunity to build on that success by attracting the next generation of investment—investment that not only contributes to economic growth but also strengthens innovation, develops domestic industries and enhances the country's long-term competitiveness.

With its emphasis on quality, sustainability and value creation, the Resolution positions Viet Nam to remain one of Asia's most attractive destinations for international investors in the years ahead./.