Removing bottlenecks to accelerate development of key industries

The Government has issued Resolution No. 82/NQ-CP approving the Policy of the Key Industries Law. The resolution affirms the necessity of enacting the Key Industries Law to institutionalize the Party’s guidelines on industrialization and modernization, complete the legal framework that supports the development of key industries in line with science, technology, and innovation, and help build an independent, self-reliant, modern industrial base. It also aims to integrate deeply into global value chains, contributing to rapid and sustainable economic growth and supporting Vietnam’s goal of becoming a developed, high-income country in a socialist-oriented framework in the coming period.

Two core policy directions

The Government basically agrees with two policy directions proposed by the Ministry of Industry and Trade:

• Policy 1: Encourage domestic production and manufacturing of key industrial products.
• Policy 2: Develop supporting industries.

Key implementation focus for the Ministry of Industry and Trade

The Ministry of Industry and Trade will lead, in cooperation with relevant ministries and agencies, to study and incorporate opinions from Government members to finalize the Key Industries Law policies, including the following priorities:

• Institutionalize Party directions on developing key industrial sectors, and create policies and laws to address fundamental bottlenecks—shifting from broad development to deep development, and from processing and assembly toward research, design, and production in Vietnam with higher knowledge and technology content to drive industrial modernization.
• Encourage deeper localization to meet origin requirements in international trade, align with bilateral and multilateral trade agreements and major markets, and design mechanisms to encourage Vietnamese enterprises to participate more deeply in global supply chains by leveraging incentives from new-generation free trade agreements while ensuring rules of origin.
• Attract and manage FDI selectively in key industries, with emphasis on high-tech projects and platform industries, while linking FDI with technology transfer and domestic enterprises to strengthen national production capacity.
• Review existing laws to ensure the policy content fits practical conditions, is feasible, and addresses current shortcomings and obstacles; harmonize with international agreements Vietnam is a member of; review policy dossiers to ensure consistency with other laws; promote decentralization and empowerment in state management; reduce administrative procedures; and promote science, technology, and digital transformation.
• Ensure legal compliance and alignment with the constitutional and legal system, coordinated with related laws; promote devolution and delegation in state management of key industry development; and streamline procedures while promoting science, technology, and digital transformation.

Drafting and National Assembly review requirements

Based on completed policy dossiers and ensuring legality and alignment with the legal system, the Ministry of Industry and Trade will lead, in cooperation with relevant ministries and agencies, to draft the Law on Key Industries and submit it to the Government as prescribed.

The resolution also notes that the Ministry should study, absorb, and fully explain opinions of the Standing Committee of the National Assembly and other National Assembly committees in Notification No. 274/TB-VPQH dated 12/02/2026 of the Office of the National Assembly. The goal is to ensure that special policies fall within the National Assembly’s authority, do not overlap with existing laws, align with international commitments in attracting FDI, and support strong development of key industries in line with the Party’s direction.

Related economic indicator

Industrial production in Q1 2026 grew 9%, the highest in 7 years.