Vietnam Sets FDI Target of $200-300 Billion for 2026-2030, Prioritizing Developed Economies

The Politburo of the Communist Party of Vietnam issued Resolution No. 10-NQ/TW on June 8, 2026, outlining the nation's strategy for attracting foreign direct investment (FDI) during the 2026–2030 period. The resolution targets attracting between $200 billion and $300 billion in registered FDI within this timeframe. A key objective is to secure 75% of this capital from developed economies, which are recognized for their strong technological capabilities, financial resources, and modern governance. This strategic focus aims to enhance Vietnam's overall competitiveness and attract high-quality investment projects. By 2030, Vietnam aspires to be among the leading countries in ASEAN in terms of investment climate, competitiveness, innovation, public service quality, and the capacity to attract high-quality FDI projects. Looking further ahead, the foreign-invested sector is projected to contribute 30% of the country's GDP by 2045. Top leaders have emphasized leveraging foreign investment to strengthen domestic capacity and enhance self-reliance. This aligns with Vietnam's broader economic strategy under its one-party system, which prioritizes growth and aims to upgrade its industrial structure amidst global supply chain shifts and technological advancements. Attracting investment from developed nations is seen as crucial for fostering technological transfer and economic independence, especially in the context of evolving regional dynamics. The country has seen a significant rise in foreign investment, with total registered FDI increasing by 34.9% in the first five months of 2026, indicating a strong upward trend. Source: VietnamPlus English