Deputy Prime Minister Nguyen Van Thang, on behalf of the Prime Minister, on September 22 signed the Government's Resolution No. 280/NQ-CP, promulgating its Action Plan to implement the Politburo's Resolution No. 10-NQ/TW dated June 8, 2026, on the development of the foreign-invested economic sector, according to a report by the Government News.

To achieve the goals set out in Resolution No. 10-NQ/TW, in the coming time, alongside regular duties, ministries, sectors, and localities must concretize and drastically implement the following tasks.

They must innovate thinking and unify awareness regarding the position and role of the foreign-invested economic sector; perfect institutions and improve the business and investment environment; develop high-quality human resources; and attract and utilize talent.

Additionally, it is essential to upgrade and perfect infrastructure to attract strategic investments; innovate orientations for attracting foreign investment by sector, field, and region; promote the green economy, digital economy, and technology transfer while increasing spillover effects and linkages with the domestic economic sector; innovate and improve the efficiency of investment promotion; enhance the effectiveness of state management; and perfect mechanisms and policies related to indirect foreign investment.

They are required to fully apply digital transformation to maximize the reduction of administrative procedure processing times.

Mechanisms to support foreign-invested enterprises in worker training

Regarding the development of high-quality human resources and the attraction and utilization of talent, the Government requires the Ministry of Finance to study and report to competent authorities to issue policy mechanisms allowing localities to use local budgets to subsidize foreign-invested enterprises' costs for worker training at their training facilities, both domestically and internationally.

Preferential and flexible policy mechanisms for core projects

Regarding the innovation of foreign investment attraction orientations by sector and field, the Resolution clearly states that the Ministry of Finance shall study and report to competent authorities to formulate outstanding preferential and support policy mechanisms, as well as special and flexible investment procedures for priority core projects attracting foreign investment. These incentives must be tied to the results of implementing commitments on technology transfer, research and development (R&D), worker training, domestic value-added generation, domestic supplier development, green transition, and digital transformation. It is also tasked with defining criteria, selection processes, monitoring mechanisms, and support measures for strategic investment projects suitable for each development stage.

Localities are to build a portfolio of priority projects for investment attraction that align with their potential, advantages, and regional and local development orientations. They must determine a roadmap for attracting foreign investment, integrate it into their annual and 5-year socio-economic development plans, and prioritize attracting high-quality projects capable of creating spillover effects and connecting with local domestic enterprises to develop industry clusters and industrial-service ecosystems.

Source: Vneconomy