(VOVWORLD) -Vietnam has sought to shift its foreign direct investment (FDI) attraction from quantity to quality and spillover effects with a focus on incentivizing domestic enterprises to participate more deeply in the supply chains of FDI enterprises.
 (Illustrative image by Investment Newspaper)
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The FDI sector has helped Vietnam participate more deeply in global value chains and made significant contributions to the country’s GDP, budget revenue, and job creation. During the 2021-2025 period, realized FDI totaled over 158 billion USD, exceeding the target of 100-150 billion USD.
However, the contribution of FDI to total social investment tends to decrease; the level of technology spillover and enhancement of domestic industrial capacity remains limited; and the economy still depends largely on the FDI sector in some key industries.
Developing supporting industries while simultaneously linking human resource training with the actual needs of industrial parks and production zones is crucial. FDI should not only serve exports but also be oriented towards deeper participation in the domestic market.
Pham Thanh Binh, Director of the Northern Investment Promotion and Information Support Center at the Ministry of Finance, said, “Vietnam needs concrete solutions and actions such as improving investment institutions, policies, stability and investors’ confidence. It’s necessary to accelerate administrative procedure reforms and upgrade infrastructure, especially logistics, energy, and industrial park, towards a modern, green, and smart direction."
"The training of high-quality human resources must be strengthened to catch up with modern technology, while boosting investment of multinational corporations in high-tech and clean energy sectors," Binh added.