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global value chains

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Leveraging foreign investment to strengthen domestic capacity, enhance self-reliance: Top leader

Leveraging foreign investment to strengthen domestic capacity, enhance self-reliance: Top leader

Top leader To Lam called on the entire political system, the business community and both domestic and foreign investors to work together to effectively implement Resolution 10, translating its policies into high-quality projects, stronger enterprises, new value chains, quality jobs and enhanced national capabilities.

Politics-Diplomacy

Diplomacy considered as driver of national development

More importantly, diplomacy is no longer limited to expanding relations or attracting external resources. It is increasingly expected to directly create new opportunities, conditions and drivers for development. Every diplomatic activity is therefore aimed at enhancing national competitiveness, innovation capacity, international integration and Vietnam’s position in global value chains.
Vietnamese, Korean leaders attend economic, trade and investment cooperation roundtable

The RoK is currently Vietnam’s biggest foreign investor, its second-largest source of tourists and ODA provider, and its third-largest trading partner and labour market. Two-way trade reached 89.5 billion USD in 2025, while cumulative Korean investment hit 98.9 billion USD in 10,447 projects as of March 2026.

Prime Minister Pham Minh Chinh urges May 10 to become international fashion group