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Vietnam's New Investment Plan Focuses on National Security and High-Quality Growth

Vietnam's New Investment Plan Focuses on National Security and High-Quality Growth

Vietnam's New Investment Plan Focuses on National Security and High-Quality Growth
The new resolution, from June 8, 2026, is not just about investment policy but also about how the country develops, including national defense and security.
The title of the resolution is different from before, now focusing on developing the foreign-invested part of the economy.
Foreign investment is no longer just seen as extra money for development but as a part of the national economy that should grow equally with other sectors.
This is a change from just opening the economy to attract money to building a development environment where the state guides and selects investments that fit national interests.
The quality of investments is now more important.
For a long time, the success of foreign investment was measured by the number of projects and money invested, but now there are new criteria.
The new criteria include the quality of technology, innovation, value creation, and how well foreign businesses work with local ones.
Vietnam now prioritizes investments in high-tech areas like semiconductors, AI, and clean energy.
This shows Vietnam wants to move from relying on cheap labor to being competitive through good institutions, skilled workers, and innovation.
The goal is to move from isolated foreign investment areas to a collaborative system.
The resolution also tries to fix the problem of foreign businesses not working closely enough with local companies.
Many foreign companies have advanced technology but don't work much with local firms, limiting the sharing of technology and expertise.
The resolution aims to build an investment system where foreign and local companies work together in value chains and innovate.
This approach enhances value creation and reduces dependence on external supply chains.
Economic security is now a central part of foreign investment policy.
Unlike before, this resolution emphasizes national defense, security, and economic security, not just economic efficiency.
With increasing global competition, foreign investment is linked to data security, cybersecurity, and national sovereignty in cyberspace.
The resolution calls for better investment screening, oversight of mergers and acquisitions, and preventing activities that harm national defense and security.
Economic diplomacy is linked to enhancing national status.
The resolution reflects a change in thinking about external economic relations, aiming to raise Vietnam's position in global value chains and leverage new trade agreements.
Vietnam needs to choose partners with advanced technology, good governance, and a commitment to sustainable development, ensuring harmonized interests.
The National Assembly plays a crucial role in realizing Resolution 10 by improving development institutions.
This involves amending laws on investment, enterprises, and innovation to ensure economic security and oversight of commitments.
Tran Duc Thuan, Vice Chair of the National Assembly's Committee, is involved in this process.