FDI firms urged to boost tech transfers, source more local suppliers

Detailed summary

The Government has been rolling out multiple programs to strengthen domestic corporate capacity, starting with continued institutional reform. Prime Minister Le Minh Hung answers…

During the National Assembly (NA)'s Q &A session on November 12, Prime Minister Le Minh Hung said the Government is advancing mechanisms to encourage foreign direct investment (FDI) enterprises to transfer technology, increase the use of domestic suppliers, and train high-quality human resources, thereby boosting competitiveness and helping Vietnamese firms integrate deeper into global supply chains.

At the session, NA Deputy Trinh Xuan An from southern Dong Nai City asked the Prime Minister to clarify priority policies for 2027 and beyond aimed at helping Vietnamese enterprises—particularly small and medium-sized enterprises (SMEs)—expand orders, increase their share of exports, create stable jobs, and raise workers' incomes.

Mr. An noted that although Vietnam’s total import-export turnover in 2026 is projected to surpass $1 trillion, export activities remain heavily reliant on the FDI sector, while domestic firms still struggle with capital costs and supply chain integration.

In response, PM Hung stated that the Government has been rolling out multiple programs to strengthen domestic corporate capacity, starting with continued institutional reform.

According to the Government leader, a standardized, streamlined, transparent, and actionable legal framework—combined with administrative procedure reforms and cuts to business conditions—will help reduce compliance time and costs, creating favorable conditions for business growth. In particular, safeguarding the legitimate rights and interests of enterprises is essential for giving them the confidence to invest and expand production and business operations.

Regarding measures to elevate corporate capacity, PM Hung noted that the Government has issued and implemented supporting industry development programs, a merchandise export promotion strategy through 2030, trade promotion schemes, market expansion initiatives, and the enforcement of free trade agreements (FTAs).

A central focus is strengthening linkages between FDI…

These…

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