Vietnam shifting focus to building high quality FDI ecosystem

Vietnam is transitioning its foreign direct investment (FDI) strategy to prioritize quality, efficiency, and stronger connections with domestic businesses, according to recent resolutions issued by the Politburo. This shift, following nearly four decades of economic reforms, emphasizes developing a high-quality FDI ecosystem that leverages international resources to create new development capabilities for the Vietnamese economy.

On October 8, VIR hosted a seminar titled "Reaching out to innovative global supply chains" in Hanoi, bringing together government agencies, diplomatic missions, businesses, business associations, and economic experts. The event aims to facilitate dialogue on implementing Resolution No.10 and Resolution No.280, which call for developing a strong domestic industrial ecosystem and establishing substantive linkages between foreign-invested enterprises and Vietnamese businesses.

According to Hoanh, VIR's editor-in-chief, Vietnam remains a significant destination for international investment, with total registered foreign investment reaching nearly $50.4 billion in the first nine months of 2026, up 76.4% year-on-year. However, this inflow of capital necessitates a shift from simply attracting more investment to improving the quality of investment flows, focusing on high technology, green technology, modern governance, and stronger linkages with domestic enterprises.

The seminar seeks to explore innovative global supply chains and examine domestic and international experiences in connecting resources to strengthen Vietnam's participation in global value chains. By fostering stronger linkages between foreign-invested and Vietnamese enterprises, Vietnam aims to move beyond traditional FDI attraction and develop a more interconnected investment ecosystem that serves as a catalyst for domestic capabilities and economic growth.