The top leader addressed a hybrid national conference on studying and implementing the Politburo’s Resolution No. 10 on developing the foreign-invested economic sector, which connected nearly 35,000 venues nationwide.
"We must proactively approach, select, lead, and effectively utilize international capital flows to build national capacity. The effectiveness of attracting investment must be calculated based on the productivity and quality of capital, the level of technology used, the number of high-quality jobs, the training of Vietnamese engineers and managers, connecting domestic businesses to supply chains, creating added value, and participating in innovation activities in Vietnam," Mr. Lam said.
"We should not only attract investment based on administrative boundaries but also organize it according to industry clusters, value chains, industrial ecosystems, innovation, and inter-regional spaces. We should not compete by lowering standards or sacrificing the environment, resources, social welfare, and economic security for short-term growth, but rather by competing on the quality of institutions, modern infrastructure, high-quality human resources, low compliance costs, professional public services, and a stable and predictable business environment.”
The General Secretary and President requested the strong development of the domestic industrial ecosystem and substantive linkages between FDI enterprises and Vietnamese enterprises; especially the development of high-quality human resources; and stronger investment in strategic infrastructure and infrastructure serving the new economy.
The top leader said that Resolution No. 10 reflects a change in development thinking, proactively selecting and utilizing international resources to build national competitiveness. It sets much higher goals and requirements, in which the development of the foreign-invested economy must be linked to enhancing strategic autonomy, production capacity, technology, and the competitiveness of the economy.
Efforts will be made so that by 2030 Vietnam will be among the leading Southeast Asian countries in terms of investment and business environment, competitiveness, innovation, quality of public services, and the ability to attract high-quality foreign investment projects.
