Vietnam Determines New Development Model Following Doi Moi Process
Following 40 years of Doi Moi reforms, Vietnam has decided to renew its development model, placing science, technology, and innovation at the core.
After forty years of the Doi Moi renewal process, Vietnam has become an upper-middle-income economy and has decided to reform its development model with the goal of becoming a high-income developed country by 2045.
Achievements of the Renewal Process
After forty years of the Doi Moi process, Vietnam has become an upper-middle-income economy and has deeply integrated with the world. Despite these achievements, experts point out that past methods will not be sufficient to solve future challenges.
Principles of the New Development Model
General Secretary and President To Lam emphasized that reforming the development model is not just about adjusting growth, but establishing a structure that places people at the center. Science, technology, data, innovation, and high-quality human resources have been identified as the main driving forces.
Limits of Traditional Factors
Traditional growth factors based on capital, labor, and the use of external resources have reached their limits. Dr. Nguyen Duc Kien states that a simultaneous change is needed regarding the creation of wealth and the allocation of resources.
Strategic Resolution No. 19-NQ/TW
Resolution No. 19-NQ/TW dated July 28, 2026, of the 14th Central Committee of the Communist Party of Vietnam sets the goal of making the country a developed nation by 2045. This resolution forms the basis for the upcoming 100-year vision.
Institutional Reform and Expert Opinions
Associate Professor Bui Van Huyen argues that institutional reform must be one of the most important breakthroughs in the new model. Minister of Science and Technology Vu Hai Quan stated that digital transformation is the foundation for exploring new domains.
New Fields for the Future
Professor Le Van Loi stated that digital spaces, underground spaces, and innovation spaces will expand the growth potential. Vietnam aims to enter an era of rapid and prosperous development with this new model.