Government Encourages Enterprises to Invest and Conduct Business in Foreign Markets

Deputy Prime Minister Nguyen Chi Dung has signed Decision No. 626/QD-TTg approving the International Market Expansion Program for the 2026-2030 period. The Government encourages Vietnamese enterprises to invest in and conduct business in foreign markets in sectors, fields, and markets where Vietnam has international competitive advantages, value added, and high spillover potential.

Program direction and policy focus

The International Market Expansion Program for 2026-2030 is designed to address institutional and policy bottlenecks that affect enterprises’ investment and business activities abroad. It aims to encourage, facilitate, and manage risks for enterprises, while ensuring mechanisms to access market resources—including investment, finance, infrastructure, technology, information, and human resources—through openness and streamlined administrative procedures compatible with high-competitiveness economies.

Priority areas for enterprises

The Program prioritizes enterprises investing in and doing business in foreign markets where Vietnam has international competitive advantages, added value, and spillover potential. It focuses on strategic investment and related approaches such as mergers and acquisitions (M&A), building distribution centers, bonded warehouses, industrial zones, wholesale and retail networks, agents, representative offices, research and development (R&D) offices, and after-sales services in foreign markets.

Priority is given to enterprises with technological capacity, innovation, and superior competitiveness in specific sectors; the ability to lead the sector and create spillovers in the value chain; and startups with global business models.

Targets for overseas expansion by 2030

The Program sets a common objective for the private sector to expand its overseas presence comprehensively, effectively, and sustainably in terms of scale and quality. This will be achieved through international investment and business activities and deeper integration into regional and global supply chains and value chains.

Specific targets by 2030 include:

• At least 10,000 enterprises trained to implement global investment and business activities.
• 1,000 enterprises advised on developing international market expansion plans.
• At least 100 enterprises receiving intensive, comprehensive support to invest abroad, including 30% investing via M&A.
• At least 100 enterprises receiving intensive, comprehensive support across the value chain from research and design to production, distribution, and building international brands to participate in regional and global value chains, including at least 20 large enterprises in key and strategic sectors to participate in regional and global supply chains and value chains.
• At least 100 enterprises receiving intensive, comprehensive support to operate effectively on cross-border e-commerce platforms in Vietnam and internationally, including at least 10 enterprises achieving online export revenue above USD 10 million.

Five tasks and solutions

To achieve these objectives, the Program sets out five tasks and solutions:

1. Create a coherent, transparent, and facilitative policy framework to encourage, support, and mitigate risks for enterprises investing and doing business abroad.
2. Build an information, awareness, and capability platform for international expansion.
3. Encourage and facilitate outward investment, especially M&A, to access global resources, expand growth opportunities, and strengthen Vietnam’s position internationally.
4. Promote deeper participation of enterprises in global supply chains and value chains to raise export value added and strengthen the economy’s strategic autonomy and sustainable development.
5. Facilitate cross-border e-commerce trade to promote growth based on technology, data, innovation, and sustainability.

(Source: Government information)