  Within finite temperature field theory, we show that truncated
non-perturbative self-consistent Dyson resummation schemes can be renormalized
with local counter-terms defined at the vacuum level. The requirements are that
the underlying theory is renormalizable and that the self-consistent scheme
follows Baym''s $\Phi$-derivable concept. The scheme generates both, the
renormalized self-consistent equations of motion and the closed equations for
the infinite set of counter terms. At the same time the corresponding
2PI-generating functional and the thermodynamical potential can be
renormalized, in consistency with the equations of motion. This guarantees the
standard $\Phi$-derivable properties like thermodynamic consistency and exact
conservation laws also for the renormalized approximation schemes to hold. The
proof uses the techniques of BPHZ-renormalization to cope with the explicit and
the hidden overlapping vacuum divergences.
