Emphasis on Technology and Productivity in Vietnam's New Development Strategy
Resolution No. 57-NQ/TW of Vietnam places productivity and technology at the center, in line with the goal of double-digit growth for the 2026-2030 period and becoming a developed country by 2045.
Resolution No. 57-NQ/TW of Vietnam places productivity, technology, innovation, and digital transformation at the core of growth, with the aim of sustaining double-digit growth during the 2026-2030 period and transforming into a high-income developed nation by 2045.
New Era Goals
For Vietnam to sustain double-digit growth in the 2026-2030 period, it needs a fundamental change in value-creation methods. By centering productivity, science, technology, innovation, and artificial intelligence, a solid foundation is being established for the 2045 targets.
The Need for Restructuring
It is imperative that the economy transitions from an overreliance on increasing inputs to a structure driven by productivity and technology. Where capital and labor are limited, sustainability must come from productivity growth.
Results of the 2021-2025 Period
In the past period, GDP growth averaged around 6.3 percent, and the GDP size exceeded 510 billion dollars. The contribution of total factor productivity is expected to reach 47 percent.
Structural Limitations and Bottlenecks
Production and exports are largely dependent on foreign direct investment. Supporting industries, technological innovation capacity, and the quality of high-tech human resources continue to pose bottlenecks.
Expert Opinions and Model Recommendations
Experts advocate for a transition from a quantity-focused model to a quality-focused model. The contribution of total factor productivity needs to be increased to over 55 percent, and investment efficiency must be improved.
Three-Tier Growth Structure
The growth model relies on three logical layers: the development of existing sectors, new fields such as artificial intelligence and semiconductors, and data and digital infrastructure.
Digital Economy Targets
The share of the digital economy is targeted to increase from 14 percent in 2025 to 30 percent in 2030. A strong shift from control to creativity in management mindset is recommended.
The Role of the State and Synergy
The state must ensure macroeconomic stability and improve institutions. For double-digit growth, a synergy must be established among institutions, long-term capital, and science and technology.