Vietnam Eyes 30% GDP Contribution from Foreign-Invested Sector by 2045

The Politburo of the Communist Party of Vietnam issued Resolution No. 10-NQ/TW on June 8, 2026, setting a target to attract US$200-300 billion in registered foreign investment (FDI) during the 2026-2030 period. It anticipates that 75% of this capital will originate from developed economies possessing strong technological capabilities, substantial financial resources, and modern governance. The resolution aims to position Vietnam among the leading countries in ASEAN by 2030 in terms of investment climate, competitiveness, innovation, quality of public services, and the capacity to attract high-quality foreign investment projects. Furthermore, an ambitious goal has been set for the foreign-invested sector to contribute 30% to the country's Gross Domestic Product (GDP) by 2045. Vietnam's government emphasizes leveraging foreign investment to strengthen domestic capacity and enhance self-reliance, seeking to position the country as a leading destination for foreign capital. This reflects an understanding that foreign capital and technology are crucial for sustaining Vietnam's economic growth. The total registered foreign investment in the first five months of 2026 increased by 34.9% year-on-year, indicating momentum towards achieving these objectives. Under its one-party system, Vietnam is pursuing economic development, viewing FDI attraction as a vital element for upgrading its manufacturing sector and boosting export competitiveness. Especially amidst complex geopolitical dynamics with China, Vietnam is increasingly becoming a significant alternative hub for international companies seeking supply chain diversification. This resolution signifies an effort to capitalize on these global trends and attract higher-quality investments, aiming for further leaps in Vietnam's economic development.