Stronger local-foreign business linkages seen key to boosting FDI quality in Vietnam
VOV.VN - Foreign direct investment (FDI) remains a bright spot in Vietnam’s economy, but the key challenge now is to strengthen linkages between domestic enterprises and FDI firms to build an independent, self-reliant and sustainable economy.
FDI continues to drive economic growth
During the 2021-2025 period, Vietnam’s total registered FDI reached US$185 billion, surpassing the 2016-2020 figure. During the nine-month period of 2025 alone, registered capital exceeded US$28.5 billion, up 15.2% year on year, while disbursement hit a five-year high of US$18.8 billion.
FDI inflows are becoming increasingly quality-driven, attracting global tech giants such as NVIDIA, Qualcomm, Samsung, LG, and LEGO with large-scale projects in semiconductors, artificial intelligence and R&D. International institutions, including HSBC, continue to view Vietnam as an attractive investment destination for global investors, including those from both the US and China.
According to the National Assembly’s Economic and Financial Committee, the FDI sector continues to act as a “locomotive” of trade, with its share of exports rising from 71.7% to 79.1% in 2025. However, the Committee also warned that the economy remains heavily dependent on the FDI sector in both exports and imported inputs.
Enhancing linkages to upgrade investment quality
The World Trade Organization (WTO) reports that the domestic value-added ratio in Vietnam’s key manufacturing exports remains low, at only 26.9% in the electronics sector, far below that of regional peers.
Many National Assembly deputies emphasized the need to shift from quantity-based to quality-based FDI attraction, prioritizing projects with commitments to technology transfer, local workforce utilization, and the use of Vietnamese products and services.
Proposals also highlighted the importance of establishing supply-chain linkages among FDI enterprises, domestic firms, and state-owned entities to develop a competitive supporting-industry ecosystem. Investment incentives should focus on FDI businesses that commit to technology transfer, workforce training, innovation support, and higher localization rates.
“FDI must serve as a catalyst for strengthening domestic production capacity, enhancing the value of ‘made in Vietnam’ goods, and contributing to a more self-reliant and sustainable economy,” deputies affirmed.