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| Mr. Le Van Cuong, Member of Hue City Party Committee and Deputy Director of the Department of Finance, speaking at the workshop |
The foreign direct investment (FDI) sector plays an important role in the city’s socio-economic development. By the end of 2025, the FDI sector accounted for more than 10% of the city’s gross regional domestic product (GRDP), contributed 30 % of total budget revenue, and provided employment for approximately 29.500 workers. The sector has also generated positive spillover effects on other areas of the economy by mobilizing domestic investment resources, creating competitive pressure, promoting innovation and technology transfer, improving production efficiency, and supporting the development of auxiliary industries. These contributions have helped Vietnam in general and Hue City in particular gradually integrate into global production value chains.
To further promote the FDI sector, on June 8th, 2026, the Politburo issued Resolution No. 10-NQ/TW on the Development of the Foreign-Invested Economy. The resolution serves as a strategic guideline for reshaping Vietnam’s FDI attraction policies, including those of Hue City, and opens up significant opportunities for attracting foreign investment during the 2026 - 2030 period.
In Hue, the City People's Committee has assigned the Department of Finance to formulate the project “Attracting Foreign Direct Investment (FDI) into Hue City for the 2026 - 2030 Period”. To support this effort, the Department of Finance collaborated with the University of Economics, Hue University, to prepare the project and organize the workshop to gather feedback before submitting it to the City People's Committee for approval.
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| The Carlsberg Vietnam Brewery makes a significant contribution to the local budget |
At the workshop, participants focused their discussions on institutional reforms, administrative procedure simplification, urban infrastructure upgrades, human resource development, and sustainable transformation. Delegates emphasized that Hue can no longer pursue investment attraction at any cost. Instead, the city should prioritize green growth and the circular economy while capitalizing on its core strengths to attract investment in high-end services, specialized healthcare, and high-quality education. Participants also proposed encouraging investment in information technology parks, data centers, and software development projects. In addition, delegates stressed the importance of strengthening investor support mechanisms to promptly address challenges faced by projects currently under implementation.
The recommendations were noted by representatives of the Department of Finance to be incorporated into the final draft of the project before it is submitted to the City People's Committee for review and approval in the near future.