Vietnam Prepares for Technological Transformation with a New Development Model
As traditional growth factors reach their limits, Vietnam aims to implement a new development model based on science, technology, innovation, and digital transformation.
With the limitations of traditional growth elements becoming apparent, Vietnam is adopting a new development model centered on science, technology, innovation, and digital transformation to achieve its prosperity goals.
Search for a New Development Model
In an environment where traditional growth factors are increasingly demonstrating their limitations, renewing a development model that embraces science and technology, innovation, digital transformation, productivity, and human resources as new driving forces has become an urgent necessity.
Forty Years of Reform Process
Following forty years of the Doi Moi process, Vietnam has become an upper-middle-income economy, deeply integrated with the world, and has begun to play an increasingly important role in the region.
The Future Cannot Be Built with Elements of the Past
The success of forty years of reform has given rise to a new demand, and it has been emphasized that it is not possible to continue using the same factors that generated past successes to solve the problems of the future.
A People-Centered Approach
General Secretary and President To Lam has stated that reforming the development model is not only about adjusting growth, but also about changing the way the fruits of development are created, distributed, and enjoyed.
New Driving Forces and Productivity
The driving forces based on capital, labor, resources, and outsourcing need to transition into a model that relies more heavily on science and technology, innovation, digital transformation, and labor productivity.
Vision and Goals for the Next Century
Resolution No. 19-NQ/TW dated July 28, 2026, of the 14th Central Committee of the Communist Party of Vietnam sets the target of transforming the country into a high-income nation by 2045.