Steps to innovate the growth model for sustainable development in Vietnam
Vietnam aims to overcome financing and infrastructure barriers while transforming its development model into a sustainable structure based on science, technology, innovation, and digital transformation.
Vietnam is carrying out the process of transitioning to a sustainable growth model based on science, technology, innovation, and digital transformation by reforming its development model; in this direction, challenges in financial resources, infrastructure, and R&D are being addressed.
Resolution No. 19-NQ/TW on the reform of Vietnam's development model envisions a strong reform in the development model in order to create new growth drivers. The goal has been established as completing the foundations of the new development model by 2030, and transitioning to a self-sufficient, innovative, humane, and sustainable model by 2035. Experts emphasize the importance of transitioning from a structure based on capital and labor to one based on science, technology, innovation, digital transformation, and high labor productivity.
According to the World Intellectual Property Organization's 2025 Global Innovation Index report, Vietnam rose from 48th place in 2022 to 44th place in 2024 and 2025. While the use of technology is increasing in sectors such as finance and banking, e-commerce, and agriculture; obstacles such as insufficient R&D investments, shortcomings in data infrastructure, and difficulties for SMEs in accessing funds await solutions.