5 strategic spearheads
In the context of geopolitical instability and the trend of shifting production out of China, Vietnam is emerging as an attractive destination with many advantages: strategic location, increasingly open policies, high economic openness and abundant human resources.
In the first 6 months of 2025, total registered FDI capital in Vietnam reached 21.52 billion USD, up 32.6% over the same period last year; realized capital reached 11.72 billion USD, up 8.1%. To date, Vietnam has attracted investment capital from 151 countries and territories, with more than 43,700 valid projects, total registered capital reaching about 519.54 billion USD.
At the recent conference on investment promotion in the supporting industry sector, Mr. Pham Thanh Binh - Director of the Northern Investment Promotion, Information and Support Center - Foreign Investment Agency ( Ministry of Finance ) assessed that Vietnam still has a lot of room to develop the supporting industry sector, management skills and chain production cooperation between domestic enterprises and FDI enterprises.
While Vietnamese enterprises are actively innovating technology, management methods and improving competitiveness to participate more deeply in the global value chain and effectively take advantage of the new wave of investment shift, selectively attracting FDI investment and promoting connections between FDI enterprises and domestic enterprises will be key factors in improving the production capacity of supporting industries in Vietnam.
Mr. Chu Viet Cuong - Director of the Center for Industrial Development Support (Department of Industry, Ministry of Industry and Trade ) said that to effectively take advantage of opportunities, Vietnam cannot deploy widely but needs to focus on a number of key areas. The Department of Industry has identified 5 strategic areas that need priority investment.
Firstly, the mechanical engineering sector is considered the foundation for many other sectors such as transportation, automobiles, and healthcare. The Department’s strategy is to support businesses in producing important components and accessories such as vises, molds, car frames, and engines.
Second, the automobile sector. With the target of localization reaching 30-40% by 2030 while the current rate is only 15-20%, there is still a lot of room for development in the spare parts manufacturing industry. "We call on FDI enterprises to promote the transfer of production technology, especially for details such as chassis, gearboxes and control modules," said Mr. Cuong.
Third is the electronics and semiconductor sector. This is the sector that is leading in attracting FDI, contributing more than 30% of the total export value of the manufacturing and processing industry. This sector has a huge demand for electronic components, circuit boards and chip packaging.
Fourth is textiles and footwear. Although it is a labor-intensive industry, it still depends on 60-70% of its raw materials from China. The strategy will focus on supporting the production of core raw materials such as fibers, technical fabrics, artificial leather, and shoe soles.
Fifth is the materials sector, including new materials, lightweight materials, and smart materials. Mr. Cuong emphasized that this is the "bottleneck" of the industry, because without self-sufficiency in raw materials, supporting industries will find it difficult to develop sustainably.
The challenge lies in implementation.
Along with identifying key industries, Mr. Cuong said that the Department of Industry also synchronously implemented support policies such as: promoting the mechanism of technology ordering and transfer from FDI; building a capacity certification system according to international standards; implementing preferential policies on tax, credit, and infrastructure.
However, from the perspective of business associations, Mr. Pham Hai Phong - Chief of Office of the Vietnam Association of Supporting Industries (VASI) said that the core issue does not lie in issuing additional policies.
"The biggest question now is: How do we implement those policies? Success depends on the ability to coordinate between state agencies, associations and industrial parks to provide timely support services to investors," said Mr. Phong.
According to Mr. Phong, the Government and ministries and sectors need to play a leading role in coordinating this cooperation to create practical and effective connection activities.
Responding to this issue, Mr. Nguyen Ba Hai - Deputy Director of the Center for Trade and Investment Promotion Support (Trade Promotion Agency), affirmed that management agencies are listening and taking action.
"The Ministry of Industry and Trade and other ministries and sectors have established a mechanism to review and record difficulties from businesses. The adjustment process does not stop at the decree level but also amends related laws to ensure policies are consistent with reality," said Mr. Hai.
In addition, the Ministry of Industry and Trade is promoting decentralization, deploying 100% of online public services to increase transparency, and at the same time has specific support policies for associations such as VASI.
The speakers shared the view that Vietnam is at a strategic moment to take the lead in the wave of global supply chain shifts. Focusing on in-depth development, combined with synchronous solutions on policies and connecting markets, technology, and human resources, is the most sustainable path for the country to develop.
Source: https://doanhnghiepvn.vn/doanh-nghiep/dau-tu/5-mui-nhon-chien-luoc-de-cong-nghiep-ho-tro-don-song-fdi/20250807095450508
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