Attracting FDI in the new context under the Party's leadership

Vietnam is currently ranked among the top 15 countries globally in terms of FDI attraction.

A shift in thinking: from "attraction" to "cooperation"
At the 1st Government Party Committee Congress for the 2025–2030 term, Mr. Nguyen Van Thang - Secretary of the Party Committee and Minister of Finance - affirmed the core mission of finalizing a breakthrough legal corridor, mechanisms, and policies to strongly promote all economic sectors. Therefore, the Ministry of Finance is advising on amendments to 11 crucial laws regarding taxation, investment, planning, and public debt to remove bottlenecks and meet the economy's development needs. The Party Committee of the Ministry of Finance has also committed to the effective implementation of Politburo resolutions concerning state-owned, private, and foreign-invested sectors, ensuring a synchronous legal framework to mobilize social resources for sustainable development. 
Regarding business environment reform and enhancing national competitiveness, the Resolution of the Ministry of Finance’s Party Congress for the 2025-2030 term has set a target of attracting approximately 200-300 billion USD in registered FDI (averaging 40–50 billion USD/year). Implemented capital is projected to reach 150–200 billion USD (30–40 billion USD/year).
Speaking at a recent conference on FDI attraction, Mr. Nguyen Duc Hien, Deputy Head of the Central Policy and Strategy Board, noted that during nearly 40 years of renovation, the FDI sector has contributed over 20% of GDP. It accounts for 15–18% of total social development investment, approximately 25.4–28% of total budget revenue, and has created more than 5.1 million jobs. Furthermore, it contributes over 70% of export value and more than 50% of industrial production value. In the 2021-2025 period, total implemented FDI exceeded 158 billion USD, surpassing the targets set in Resolution No. 50-NQ/TW dated August 20, 2019, regarding orientations to perfect institutions and policies to improve the quality and efficiency of foreign investment cooperation through 2030. 
Mr. Nguyen Duc Hien remarked that Resolution No. 50-NQ/TW created a paradigm shift by moving from "attraction" to "cooperation," focusing on high-quality FDI inflows linked to technology, innovation, and green, sustainable development. This spirit continues to be emphasized in subsequent directives from the Central Committee and the Politburo.
Currently, perfecting institutions is identified by the Party as one of the three strategic breakthroughs and the core foundation for attracting next-generation FDI inflows. Draft documents for the 14th National Party Congress also outline orientations to accelerate high-quality investment attraction and foster close ties between the FDI sector and the domestic economy. These documents emphasize that Vietnam must not only "participate" but also "master" and "create value" within global production chains.
However, Mr. Nguyen Duc Hien also candidly pointed out existing limitations. Although FDI has increased in volume, its quality and spillover effects remain disproportionate. Localization rates are low, and many projects still focus on processing, assembly, and labor-intensive activities. The linkage between FDI enterprises and domestic firms remains weak, leading to limited contributions to domestic value-added. Furthermore, the proportion of FDI in total social investment capital decreased from 17.9% in 2018 to 16.5% in 2024. Low-cost advantages are no longer sustainable, and infrastructure and "clean" land funds in major economic hubs are becoming bottlenecks. Additionally, institutions, incentives, and procedures have not yet kept pace with the requirements of strategic investors.
Strategic orientations for the new phase
To meet the requirements and goals set by the Party, Mr. Nguyen Duc Hien emphasized that regulatory bodies must continue to innovate their thinking, enhance administrative efficiency, and create a favorable environment for high-quality FDI.
Strategic orientations for the coming period are clearly defined: Vietnam needs to select sectors that serve as the "backbone" of the economy, such as semiconductors, artificial intelligence, green technology, and renewable energy. Simultaneously, the nation must build an ecosystem connecting FDI and domestic sectors to gradually master core technologies. This orientation requires strong reforms in institutions, administration, investment incentives, human resource training, infrastructure development, and project screening based on environmental and sustainable development standards.
From the investment promotion and support perspective, Mr. Pham Thanh Binh - Director of the Northern Investment Promotion and Support Center (Foreign Investment Agency, Ministry of Finance) - stated that Vietnam maintains a strong appeal for international investors. By October 2025, the total registered FDI reached 31.5 billion USD (15.6% higher); implemented capital reached 21.3 billion USD - the highest level in five years. This serves as clear evidence of investor confidence in Vietnam's sustainable development prospects.
Consequently, in the next phase, Mr. Pham Thanh Binh suggests that Vietnam should focus on attracting FDI in high technology, renewable energy, and innovation while promoting technology transfer and increasing localization rates. There is also a need to strongly develop new industrial park models, such as international financial centers and free trade zones.
In the context of increasingly fierce global strategic competition, significant supply chain shifts, and green standards becoming mandatory, Vietnam stands at a crucial juncture to reposition its FDI attraction strategy. Under the leadership of the Party and with the partnership of the business community, the FDI strategy for the coming period will continue to be a vital driver in achieving the goals for 2030, with a vision toward 2045 - building an independent, self-reliant, and deeply integrated economy.

Source: https://www.mof.gov.vn/bo-tai-chinh/nghien-cuu-trao-doi-1.1/thu-hut-fdi-trong-tinh-hinh-moi-duoi-su-lanh-dao-cua-dang