The trend of value chain development is becoming a central focus in next-generation investment attraction, requiring a shift from standalone foreign direct investment (FDI) inflows toward building a closely connected ecosystem between FDI enterprises and domestic firms.
“As the country enters a new phase of development, enterprises must become a pioneering force, stronger, more resilient, and more innovative. To achieve this, the prerequisite is that resources, from institutions and policies to capital, markets, and the business environment, must be unlocked in a coordinated and practical way.”
Vietnamese and South Korean businesses have signed 73 Memoranda of Understanding spanning a wide range of sectors, including energy, finance, technology, electronics, telecommunications, processing and manufacturing, mechanical engineering, construction, infrastructure, trade, tourism and aviation.
Amid heightened volatility in the global economy, as export opportunities are no longer as easily tapped as before, the domestic market is increasingly seen as a key growth driver.
As global value chains undergo profound restructuring, Vietnam stands at a pivotal moment in its economic development. For more than three decades, the country has proven its ability to attract foreign direct investment and integrate deeply into global production networks. Manufacturing, processing and export-led growth have transformed the economy and created millions of jobs.
No longer pursuing quantity, industrial zones in Bac Ninh are shifting toward selective investment attraction, prioritizing high-tech and environmentally friendly projects.
Amid the ongoing restructuring of global supply chains, Vietnam has continued to affirm its position as a strategic destination for industrial and manufacturing investment.
Tourism cooperation between Vietnam and Thailand is shifting from volume-driven growth to a deeper approach, as visitor flows fluctuate and the need to increase value-added becomes clearer.
Phu Tho’s proactive application of a “green lane” mechanism for the high-tech project of Japan’s Meiko Group shows its determination to improve the investment environment, while also creating momentum to attract high-quality FDI in electronics and semiconductors.
Vietnamese
