Opening paths for Vietnamese enterprises to expand their presence in international markets

Deputy Prime Minister Nguyen Chi Dung signed Decision No. 626/QD-TTg approving the International Market Expansion Program for the 2026–2030 period. The program is designed to address institutional and policy bottlenecks, encourage and facilitate overseas investment and business activities, and mitigate risks. It also aims to ensure enterprises’ access to key resources abroad, including investment and finance, infrastructure, technology, information, and human resources, while streamlining administrative procedures in line with the requirements of highly competitive economies.

Focus areas and priority sectors

The program encourages enterprises to invest and conduct business abroad in sectors and markets where Vietnam has international competitive advantages, emphasizing high value-added potential and broad spillover effects. Priority activities include strategic investment, mergers and acquisitions (M&A), building distribution centers, bonded warehouses, industrial zones, wholesale and retail networks, agencies, representative offices, R&D centers, and after-sales services in foreign markets.

Priority is given to technology-enabled and innovative firms with strong competitiveness in specific sectors, capable of leading industries, creating spillovers across value chains, and supporting startups with globally scalable business models.

Program development and integration goals

The program seeks to expand the private sector’s outward presence comprehensively, efficiently, and sustainably in both scale and quality. It targets deeper integration into regional and global supply and value chains through international investment and business activities.

Key targets by 2030

• At least 10,000 enterprises trained in implementing global investment and business operations.
• 1,000 enterprises advised and developed into international expansion plans.
• At least 100 enterprises supported comprehensively to invest abroad, including 30% via M&A.
• At least 100 enterprises receiving in-depth, comprehensive support across research, design, production, distribution, and building international brands to participate in regional and global value chains, including at least 20 large enterprises in key sectors.
• At least 100 enterprises supported to operate effectively on cross-border e-commerce platforms domestically and internationally, with at least 10 enterprises achieving online export revenues above USD 10 million.

Five tasks and solutions

To achieve the stated goals, the program sets out five tasks and solutions:

1. Establish a coherent, transparent, and favorable institutional framework to encourage, support, and minimize risk for enterprises investing and doing business abroad.
2. Build an information, awareness, and capability platform to support enterprises in going global.
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 in global supply chains and value chains to enhance export value-added, strengthen strategic independence, and support sustainable economic development.
5. Create favorable conditions for cross-border digital trade to promote growth based on technology, data, innovation, and sustainability.