At the Forum "Improving policies to attract new-generation FDI into industrial parks", held on November 28, 2025, Mr. Hoang Quang Phong - Vice President of the Vietnam Federation of Commerce and Industry (VCCI) affirmed that in the context of globalization and supply chain shift, attracting new-generation FDI into Vietnam plays a strategic role in improving growth quality and promoting sustainable development.
“New generation FDI is not only profit-oriented but also emphasizes high technology standards, knowledge transfer, green development, corporate governance, social responsibility and sustainable labor,” said Mr. Phong.
In the context of Vietnam's economy striving to transform towards green growth, circular economy and achieving the goal of net zero emissions by 2050, reviewing and perfecting investment incentive policies for industrial parks (IPs) and economic zones (EZs) has become an urgent requirement to attract more new-generation FDI into Vietnam. The Ministry of Finance is currently collecting comments on the draft Decree regulating the management of IPs and EZs, in which it proposes to strongly amend regulations on investment incentives.
According to Mr. Phong, the most important and directional highlight of the draft Decree regulating the management of industrial parks and economic zones is the addition of regulations related to costs for activities to reduce greenhouse gas emissions and develop industrial symbiosis models. This mechanism creates a strong financial incentive, encouraging businesses to switch to clean technology, save energy and implement environmentally friendly solutions. This change is expected to expand the space for regional economic development, attract strategic investors with modern technology, and accelerate the green transition process.
Mr. Seck Yee Chung - Vice President of the Singapore Business Association in Vietnam said that to increase Vietnam's attractiveness to high-quality FDI in industrial zones, it is necessary to clarify investment procedures. Although Decree 19/2025/ND-CP has provided a legal framework for strategic projects, it still focuses mainly on the initial registration stage, not fully covering the following stages. Therefore, according to Mr. Seck Yee Chung, building a clear roadmap for the entire project life cycle - from investment preparation to operation, will help investors plan effectively and ensure consistent monitoring.
“Singapore’s experience can offer valuable lessons. Our eco-industrial parks integrate renewable energy, circular economy models and digital technologies, demonstrating that sustainable development and competitiveness can go hand in hand. Through enhanced Vietnam-Singapore cooperation, we can share experiences in green building standards, carbon-neutral operations and smart infrastructure planning. This cooperation will form industrial ecosystems that meet international environmental standards while promoting economic efficiency,” said Mr. Seck Yee Chung.
Ms. Nguyen Le Hang - Director of External Relations of SLP Vietnam commented that ESG factors are playing a prominent role in international investment decisions. Multinational corporations, especially from Europe, are having to meet compliance thresholds related to emissions, supply chains and social responsibility. "Therefore, although ESG priorities vary between markets and industries, many foreign investors have begun to integrate ESG criteria into their choice of locations and partners," Ms. Hang affirmed, adding that this trend is affecting FDI flows into Vietnam, shifting from labor-intensive industries to high-tech manufacturing, low-emission supply chains and businesses pursuing Net Zero goals.
Vietnam has the advantage of attracting new generation FDI thanks to its commitment to achieve Net Zero by 2050 and the National Green Growth Strategy for the period 2021 - 2030. The focus in the short term will be to accelerate the internalization of these policies and upgrade industrial infrastructure to meet investors' expectations. It can be said that ESG is becoming the "common language" of global capital flows; improving ESG performance will help increase Vietnam's competitiveness in the eyes of investors who are under pressure from changing global requirements.
Source: https://baophapluat.vn/chinh-sach-thu-hut-fdi-the-he-moi-vao-khu-cong-nghiep.html
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