Hanoi conference realises Politburo Resolution on foreign-invested economy strategy

The conference, chaired by Party General Secretary and State President To Lam, was connected online to nearly 35,000 venues across the country, including central agencies, provincial and commune-level administrations, military units and State institutions.

A new approach to foreign investment

According to the resolution, after nearly four decades of economic reforms, the foreign-invested sector has become an important pillar of Vietnam’s economy by contributing capital, promoting structural transformation, expanding exports, creating jobs and facilitating technology transfer and modern management practices.

However, the Party noted that Vietnam still faces a number of challenges, including limited technology transfer, weak linkages between foreign-invested enterprises and domestic businesses, relatively low localisation rates, and continued dependence on labour-intensive manufacturing and assembly activities.

The resolution states that, as Vietnam transitions toward a growth model driven by science, technology, innovation, digital transformation and green development, foreign investment policy must also evolve from simply attracting capital to building a strategic national investment platform centered on quality and long-term competitiveness.

Future investment attraction will prioritise projects that deliver advanced technologies, innovation, research and development (R&D), stronger participation in global value chains and deeper cooperation with domestic enterprises.

Building a competitive investment ecosystem

The resolution reaffirms that the foreign-invested sector is an integral component of Vietnam’s economy and should continue to enjoy equal treatment and fair competition under Vietnamese law.

At the same time, it calls for the development of a comprehensive investment ecosystem that integrates domestic enterprises, capital markets, the international financial centre, free trade zones, high-tech parks, innovation hubs, logistics infrastructure, energy systems and digital infrastructure.

Localities are also tasked with ensuring a transparent, stable and predictable investment environment while strengthening dialogue mechanisms and protecting the legitimate rights and interests of investors.

Ambitious targets through 2030

The Party has set a target of placing Vietnam among ASEAN's leading economies in terms of investment climate, competitiveness, innovation capacity and public service quality by 2030.

Between 2026 and 2030, Vietnam aims to attract US$200-300 billion in newly registered foreign direct investment (FDI), with US$150-200 billion expected to be disbursed.

Around 75% of newly attracted investment is expected to come from advanced economies with strengths in technology, capital and modern governance. Vietnam also seeks to attract more multinational corporations to establish regional headquarters, R&D centres, design facilities, innovation hubs and data centers.

By 2045, the foreign-invested sector is expected to account for approximately 25% of total social investment and contribute around 30% of national GDP, while helping transform Vietnam into a leading manufacturing, service and innovation hub in Asia.

Prioritising strategic industries

To achieve these goals, the resolution outlines a wide range of policy measures, including institutional reforms, digitalisation of administrative procedures, support mechanisms for strategic investors, human resource development, and investment in transport, logistics, energy and digital infrastructure.

Priority sectors include semiconductors, electronics, artificial intelligence (AI), big data, cloud computing, biotechnology, advanced materials, green energy, modern logistics, financial services and innovation-driven industries.

Projects capable of transferring technology, establishing R&D centers, increasing localization rates, strengthening domestic supplier networks and generating higher added value will receive priority.

Strengthening domestic linkages and sustainable development

The resolution also emphasises closer cooperation between foreign-invested enterprises and Vietnamese companies through the development of domestic supplier networks and support programs aimed at improving technology, management capacity and production standards.

Vietnam will further promote green growth, the digital economy and ESG (Environmental, Social and Governance) standards while encouraging foreign-invested projects that contribute to sustainable development.

At the governance level, authorities are instructed to improve risk management for projects related to national defense, security and critical infrastructure, intensify efforts against transfer pricing, trade fraud and origin fraud, and strengthen oversight of investors' commitments and the efficient use of land and investment incentives.

The Party also underscores the need to accelerate capital market reforms, upgrade Vietnam’s stock market, establish the international financial centre and attract more high-quality portfolio investment as part of the country’s long-term development strategy.

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