Vietnam's Ministry of Finance presented its investment incentives and plans for a revised Investment Law to a delegation from the Research Office of China's State Council on the afternoon of 27 October, saying investment ties between the two countries continue to develop positively. Deputy Minister Nguyễn Thị Bích Ngọc, who received the delegation at the ministry's headquarters, said China remains among the leading countries by number of new investment projects in Vietnam, according to the ministry. The delegation was led by the office's deputy director, named in the ministry's Vietnamese account as Phạm Tất.

Background

Ngọc said the state visit to China by General Secretary and State President Tô Lâm, his wife and a high-level Vietnamese delegation in April 2026 had deepened bilateral relations and given fresh momentum to economic, investment and financial cooperation. She also thanked the Chinese government and business community for supporting Vietnam's socio-economic development.

In the ministry's reading, China's place among the top sources of new projects reflects the appeal of the Vietnamese market and Chinese companies' interest in its business climate. Neither the ministry's release nor VietnamPlus, which reported the meeting based on the ministry's information, gave project counts or capital figures.

Incentives and the draft Investment Law

Vietnam already has a fairly comprehensive set of incentives, the deputy minister said, including breaks on corporate income tax, import duties, land and asset depreciation, along with support for infrastructure, human resources, research and development, and technology transfer.

The ministry has led the drafting of the amended Investment Law, which it expects to put to the 16th National Assembly for approval at its second session in October 2026. The draft aims to add exceptional incentives and support to attract high-quality foreign direct investment, especially into semiconductors, artificial intelligence, innovation centres and data centres.

Sectors Vietnam wants Chinese investors in

Vietnam is encouraging capable and reputable Chinese companies with advanced technology to invest and expand in:

  • processing and high-tech manufacturing;
  • electronics, semiconductors and smart manufacturing;
  • industrial machinery and equipment;
  • electric vehicles, batteries and energy storage, and new energy;
  • the digital economy, infrastructure and logistics.

For Vietnamese businesses, the list shows which industries the government is prioritising for Chinese capital. Beyond investment, the two countries are continuing development projects funded by non-refundable aid and concessional loans, in education, training, health, cultural buildings, livelihood support and human resources.

What comes next

  • The draft amended Investment Law is expected to go before the National Assembly's second session in October 2026.
  • Phạm Tất praised the deputy minister's proposals and said his delegation will report all the views raised to the State Council's leadership and the relevant Chinese ministries for consideration and follow-up, adding that the talks should help make investment, financial and supply-chain links between the two countries more practical and effective.
  • Development cooperation using aid and concessional loans continues.