Vietnam Aims for Strong Economic Growth Through Innovation and Digital Transformation
Deputy Prime Minister Nguyen Van Thang, a member of the National Assembly delegation from Dien Bien province, emphasized the potential for Vietnam’s economic development in a recent speech. He stressed the need to move away from past growth models and focus on science, technology, innovation, and digital transformation to drive future progress.
To achieve the ambitious goal of double-digit growth by 2030, leaders discussed the importance of enhancing the quality of human resources, technology, and investments. Embracing advancements in these areas is seen as crucial for transitioning to a more intensive development model.
Participants also recognized the significance of public-private partnerships in promoting AI education and digital transformation. They called for strategic credit mechanisms to prioritize digital infrastructure and R&D investments. Additionally, better coordination between foreign direct investments and local businesses was highlighted as essential.
The National Assembly members lauded the government’s efforts in managing the economy amidst global geopolitical uncertainties. They stressed the need for significant improvements in workforce quality and technological content to shift towards a more intensive development approach.
Looking ahead, the focus will be on developing a robust industrial base and achieving higher per capita income by 2030. To reach these targets, an annual growth rate of at least 10% will be necessary. However, the emphasis will be on sustainable growth bolstered by technology and innovation.
Deputy Prime Minister Thang underscored the importance of sustained economic growth for long-term success. By leveraging untapped potential and focusing on a new growth paradigm centered on technology and innovation, Vietnam aims to become a high-income country by 2045.
The government’s commitment to fostering a conducive environment for businesses to adopt technology, alongside boosting contributions from science and technology to 30% of economic growth by 2030, is critical to achieving these lofty ambitions.
In the quest for double-digit growth, prudent financial planning and public spending realignment are imperative. Allocating resources efficiently and mobilizing capital from various sources will be crucial to funding development projects and ensuring sustainable economic progress.
Moreover, prioritizing the stock market’s development and implementing investment strategies that benefit domestic enterprises are seen as key drivers for attracting international investment and fostering economic growth.
The government’s strategy also includes reducing redundancy in projects and focusing on impactful initiatives to improve economic performance. Encouraging innovation and technological adoption across industries will be pivotal in driving economic growth moving forward.
Source: https://daibieunhandan.vn/khoa-hoc-cong-nghe-doi-moi-sang-tao-chuyen-doi-so-la-cot-loi-cua-mo-hinh-tang-truong-10412960.html
