It is a vision of an independent, self-reliant Vietnamese economy , deeply integrated with the world but not dependent; knowing how to effectively utilize external resources to build internal strength, enhance competitiveness, and consolidate the nation's self-reliance.
After nearly 40 years of reform, the FDI sector has made significant contributions to economic growth, boosting exports, creating jobs, shifting the economic structure, and integrating Vietnam increasingly into the global production chain. However, this new stage of development does not allow us to be satisfied with just the registered capital, the number of projects, or the occupancy rate of industrial parks. More importantly, what technology does this capital bring, what added value does it create, how many Vietnamese workers are trained, how many domestic businesses are connected, and what position does it help the economy advance in the global value chain? A noteworthy new aspect of Resolution 10-NQ/TW is the shift from a mindset of "attracting capital" to a mindset of "developing a national strategic investment foundation." In other words, Vietnam is not only opening its doors to international capital but also proactively selecting capital flows that align with the country's long-term development goals. It must be high-quality capital, linked to core technologies, innovation, digital transformation, green transformation, regional research, design, and operational centers, and the capacity to deeply participate in global supply chains.
This spirit also places new demands on localities. Attracting investment cannot continue to be a competition based primarily on land incentives, taxes, low labor costs, or short-term advantages. Competitiveness in the new phase must be built on the quality of institutions, synchronized infrastructure, skilled human resources, transparent data, efficient public services, and the ability to genuinely support investors throughout the project lifecycle. More importantly, Resolution 10-NQ/TW places the FDI sector in an organic relationship with the private sector, the state-owned sector, and the self-reliance of the national economy. Foreign capital flows are only truly meaningful when they create a spillover effect on Vietnamese businesses; contribute to the formation of a domestic supplier network; increase the localization rate; and promote the transfer of technology, management knowledge, and international standards. An economy can hardly grow strong if domestic businesses only stand on the sidelines observing the value chains taking place within their own country.
From Resolution 68-NQ/TW to Resolution 10-NQ/TW, the consistent direction of Vietnam's economic development thinking is evident. Internal strength must be consolidated as a foundation; external forces are mobilized as important supplementary resources; institutions play a pioneering role; people are at the center of all policies; and national interests always remain the highest point of reference for all development decisions. Vietnam needs capital, but not just any capital. Vietnam needs investors, but not just those who come to take advantage of cost advantages. What the country needs are partners who will develop together, innovate together, create value together, and contribute to enhancing Vietnam's position in the global value chain.
Resolution 10-NQ/TW opens up a deeper perspective on the country's development path. Vietnam's opening up is not about dependence but about strengthening itself through its own capabilities; integration is not about assimilation but about enhancing self-reliance in a volatile world ; attracting investment is not just about securing more capital but about enabling Vietnamese businesses to grow, and for the Vietnamese economy to enter a higher-quality, more competitive, and more resilient stage of development.
Source: https://www.sggp.org.vn/chu-dong-lua-chon-dong-von-chat-luong-cao-post857727.html
