Vietnam is entering a new phase in its foreign investment strategy, with greater emphasis on the quality and effectiveness of foreign investment, technology transfer, innovation, domestic business linkages, and participation in global supply chains. The direction is reflected in Politburo Resolution No. 10-NQ/TW, issued on June 8, 2026, which identifies the foreign-invested economic sector as an important component of Vietnam’s economy and calls for stronger contributions to national development and international integration.
For Binu Jacob, CEO of Nestlé Vietnam, the country’s appeal to multinational companies extends beyond economic growth and consumer demand. He has highlighted Vietnam’s stable policy environment, strategic location, workforce, international integration, sustainability agenda, and role in regional and global production networks. These factors align with the broader direction outlined in Resolution No. 10, which emphasizes higher-quality FDI, technology transfer, innovation, and stronger participation by domestic companies in global value chains.
A central policy question is how foreign investment can create stronger linkages with Vietnamese companies. Trần Thị Thu Trang, chair of Hanel PT and the Bac Ninh Industrial Manufacturing Association, has raised questions about how much value Vietnamese companies capture from FDI-led supply chains and how many domestic firms are positioned as direct tier-one or tier-two suppliers to foreign-invested manufacturers. The issue is particularly relevant in electronics, where Vietnam’s hardware and electronics exports reached US$132.34 billion in 2024, while the government set a US$160 billion export target for 2025. The figures illustrate the scale of the sector while also highlighting the policy focus on increasing domestic participation and value creation.
Human capital is another element of the broader strategy. Vietnam’s efforts to strengthen links between foreign investors, domestic companies, universities, and other institutions are intended to support workforce development, technology adoption, innovation, and supplier capabilities. Stronger connections between education and industry can help align technical skills with the requirements of manufacturing and technology-intensive sectors.
Taken together, Resolution No. 10 places greater emphasis on the quality and effectiveness of foreign investment, including technology transfer, innovation, domestic linkages, global supply-chain participation, and value creation. The policy direction expands the criteria used to assess FDI beyond capital inflows to include its contribution to Vietnam’s broader economic development.
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