HANOI (Xinhua) — June 2026 — Vietnam is intensifying its efforts to attract investment from developed economies and leading global technology companies as part of a long-term strategy to strengthen its position as one of ASEAN’s premier destinations for high-value, innovation-driven investment. The initiative reflects the country’s ambition to move beyond traditional manufacturing and become a regional hub for advanced technology, research and development, and digital innovation.
Under a recently issued strategic resolution, Vietnam aims to ensure that 75% of foreign investment originates from developed economies with strengths in technology, capital and modern management by 2030. The country is also targeting the attraction of at least three of the world’s leading technology corporations to establish headquarters, offices or research and development centres within its borders.
Shifting Toward High-Quality Investment
Vietnam’s latest strategy marks a clear move away from relying mainly on cost competitiveness, toward attracting investment that delivers technology transfer, innovation capacity and deeper integration into global value chains.
Priority sectors include:
- Semiconductors and advanced electronics
- Artificial intelligence and big data
- Cloud computing and Internet of Things
- Blockchain technologies
- Biotechnology and biomedicine
- Green industries and sustainable manufacturing
- High-value digital services
These sectors are expected to support Vietnam’s next stage of economic transformation and strengthen its competitiveness within ASEAN.
Building ASEAN’s Next Technology Powerhouse
Vietnam’s ambition comes as global companies diversify supply chains and expand technology investment across Southeast Asia.
During the first five months of 2026, Vietnam attracted approximately US$24.81 billion in foreign investment, reflecting strong investor confidence in the country’s long-term potential.
This momentum shows that Vietnam is increasingly viewed not only as a manufacturing base, but also as an emerging centre for innovation, research, engineering and digital transformation.
Strengthening Regional Competitiveness
Vietnam’s strategy is expected to benefit ASEAN’s broader economic ecosystem by enhancing:
- Regional supply-chain resilience
- Technology transfer and innovation capacity
- Higher-value manufacturing capabilities
- Digital economy development
- Skilled employment opportunities
By focusing on quality investment rather than volume alone, Vietnam aims to create long-term value while supporting ASEAN’s wider ambitions to become a leading destination for technology-led growth.
A Vision Towards 2045
Looking beyond 2030, Vietnam aims to develop a sustainable and deeply integrated foreign-invested sector contributing around 30% of national GDP by 2045.
To support this goal, the government continues to improve the investment environment through regulatory reforms, infrastructure development, innovation policies and talent-building initiatives.
Looking Ahead
As competition for global investment intensifies, Vietnam’s focus on technology-intensive and innovation-led projects reflects a broader shift across ASEAN.
By prioritising advanced industries and strengthening partnerships with global technology leaders, Vietnam is positioning itself at the forefront of Southeast Asia’s next growth chapter — reinforcing ASEAN’s role as one of the world’s most dynamic destinations for high-quality investment and sustainable economic development.
