Vietnam is ushering in a new era for foreign direct investment (FDI) with the recent promulgation of Resolution 10 by the Politburo. This landmark resolution signals a strategic pivot, moving away from a sole focus on capital inflow towards attracting investments that bring advanced technology, knowledge, and management expertise. The goal is to foster deeper integration with domestic enterprises and elevate Vietnam’s position in global value chains.
Resolution 10 sets ambitious targets for the period 2026-2030, aiming to attract between $200 billion and $300 billion in FDI. Crucially, success will be measured not just by volume but by the qualitative impact on Vietnam’s economy. A key objective is to significantly enhance the participation of Vietnamese companies in FDI supply chains, with specific benchmarks including 10,000 domestic firms involved, 500-1,000 becoming Tier-1 suppliers, and achieving a localization rate of 45-50 percent in critical sectors. This focus aims to build the capacity and competitiveness of local businesses.
To support this high-quality FDI drive, Resolution 10 also emphasizes the development of a skilled workforce. The policy targets an 80 percent training rate for Vietnamese nationals and aims to increase their representation in technical, management, research, and design roles within FDI projects. This human capital development is seen as essential for attracting cutting-edge investments in emerging fields such as semiconductors and artificial intelligence (AI).
Ultimately, Vietnam’s vision, as outlined in Resolution 10, is to leverage FDI to retain technology, knowledge, and competitive capabilities. By 2045, the country aspires to be a leading manufacturing, services, and innovation hub in Asia, with the FDI sector contributing approximately 30 percent to its GDP. The resolution also underscores the importance of improving investment transparency, protecting property rights, and ensuring policy predictability to create a more conducive environment for high-caliber investors.
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