April 08, 2026 | 11:00

Gov't paves the way for Vietnamese businesses to expand globally

Song Hà

Priority will be given to enterprises with high technological and innovative capabilities, as well as those with superior competitiveness in spearhead sectors capable of leading industries and creating impact within value chains.

Gov't paves the way for Vietnamese businesses to expand globally
Illustrative photo.

To remove institutional bottlenecks and promote a comprehensive global presence for the private economic sector, Deputy Prime Minister Nguyen Chi Dung has signed Prime Ministerial Decision No 626/QD-TTg, approving the "Going Global Program for the 2026–2030 Period."

The program is designed to focus on resolving institutional and policy hurdles to encourage, facilitate, and manage risks for businesses operating in foreign markets. It aims to ensure transparent access to resources—including investment, finance, infrastructure, technology, information, and human resources—while streamlining administrative procedures to be compatible with highly competitive economies.

The program encourages enterprises to invest and do business abroad in sectors where Vietnam holds a competitive international advantage, high added value, and strong spillover potential. Key areas of focus include strategic investments, mergers and acquisitions (M&A), the establishment of distribution centers, bonded warehouses, industrial parks, wholesale and retail systems, agencies, representative offices, Research and Development (R&D) centers, and after-sales services in overseas markets.

Priority will be given to enterprises with high technological and innovative capabilities, as well as those with superior competitiveness in spearhead sectors capable of leading industries and creating impact within value chains. Innovative startups with global business models are also a primary focus.

The program's overarching goal is to help Vietnam’s private sector increase its international presence comprehensively, effectively, and sustainably in both scale and quality through international investment and deeper integration into regional and global supply and value chains.

Specific targets by 2030 include:

At least 10,000 businesses to be trained in implementing global investment and business activities;

At least 1,000 businesses to receive consultancy and support in developing international expansion plans;

At least 100 businesses to receive intensive, comprehensive support for overseas investment, with 30% of these investing through M&A;

At least 100 businesses to receive end-to-end support—from research, design, and production to distribution and international branding—to join regional and global value chains. Among these, at least 20 large enterprises in spearhead and strategic industries are expected to integrate into global supply chains; and

At least 100 businesses to receive comprehensive support for effective operations on domestic and international cross-border e-commerce platforms, with at least 10 businesses achieving online export revenues exceeding $10 million.

Attention
The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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