Political Bureau’s Resolution No. 10-NQ/TW of June 8, on developing the foreign-invested economic sector, is not only an extension of Viet Nam’s open-door policy but also a major shift in its FDI strategy that sets foreign investment as a key driver for the country’s new growth model.
Political Bureau’s Resolution No. 10-NQ/TW of June 8, on developing the foreign-invested economic sector, is not only an extension of Viet Nam’s open-door policy but also a major shift in its FDI strategy that sets foreign investment as a key driver for the country’s new growth model.
Party General Secretary and President
To Lam delivers remarks
at a national conference
in Hanoi to implement
Resolution No. 10-NQ/TW
on developing the foreigninvested economic sector
(June 30). Photo: VNA
Party General Secretary and President To Lam delivers remarks at a national conference in Hanoi to implement Resolution No. 10-NQ/TW on developing the foreigninvested economic sector (June 30). Photo: VNA
After 40 years of Doi Moi (Renewal), the foreign-invested sector has become an important part of the national economy. However, its quality and efficiency have yet to match its potential. Many projects remain labor- and land-intensive, have low local contents and hardly connect with domestic businesses.
The FDI Connect Forum 2026, themed Towards Sustainable Global Supply Chains, in Bac Ninh. Photo: Thanh Thuong/VNA
As Viet Nam accelerates digital and green transformations and enhances its strategic autonomy, Resolution No. 10-NQ/TW marks a major change in its mindset in attracting foreign investment which now must be aligned closely with the country’s broader development strategy. The focus is shifting from simply attracting capital to using foreign investment to build national strategic investment foundations, and from a project-byproject approach to building industry clusters, value chains and innovation ecosystems.
The criteria for selecting FDI projects have also changed, focusing on next- generation FDI, with quality, efficiency, technological content and stronger links with domestic businesses as key criteria.
KEY TARGETS SET BY
RESOLUTION NO. 10-NQ/TW
2026 - 2030
About 200-300 billion US dollars
registered in foreign investment
75% of foreign investment from
developed economies that are
technologically, financially strong and
have advanced governance
Number of Fortune 500 companies
operating in Vietnam up by 30%
Rate of key industries’ local
contents up by 45-50%
At least three leading global
technology groups establishing R&D
centers in Viet Nam
2045
FDI accounting for about 25% of
total social investment
FDI contributing to around 30% of
GDP
FDI contributing to making
Vietnam a developed, high-income
country
Ho Chi Minh City has 66 processing and industrial parks covering more than 27,000ha, forming a major industrial and manufacturing hub. Photo: VNA
Addressing a national conference to study and implement Resolution No. 10-NQ/TW in June, Party General Secretary and President To Lam stressed the need to build a common understanding, and drastically change the thinking, about foreign investment.
The foreign-invested sector plays an important part in the national economy and should cooperate, compete fairly and develop together with the state, private and cooperative sectors. Viet Nam will create favorable conditions for capable, responsible businesses with advanced technology and longterm commitments to invest and operate successfully in the country.
With its many advantages, Viet Nam has an opportunity to become more deeply involved in global technology value chains. In 2026 and the years ahead, the Government will work to create the best possible conditions to welcome investors in high-tech industries. Photo: VNA
Thai Nguyen has five industrial parks boasting FDI projects, namely Song Cong I, Song Cong II, Yen Binh, Diem Thuy and Nam Pho Yen.
Photo: Tran Viet/VNA
At the same time, it will conduct strict screening to prevent projects using outdated technology, consuming excessive energy or using land inefficiently, as well as those potentially causing pollution, involving in transfer pricing or tax evasion, circumventing rules of origin, or posing risks to national defense, security, data and critical infrastructure
With this change in thinking, together with commitments to protecting investors’ intellectual property and assets and creating a fair competitive environment, Resolution No. 10 delivers a strong message about Viet Nam’s strategy to attract new generation FDI to generate a fresh momentum for its growth in the future.
Story: Thanh Hoa - Photos: VNP & VNA