Experts discuss a new growth model for Vietnam, July 15, 2025.

The event aimed to explore a new growth model for the 2026–2030 period, with a vision to 2045.

Experts stressed that the new model must be flexible enough to respond to global uncertainties while ensuring rapid, sustainable, and inclusive development.

Vietnam’s previous growth model has contributed significantly to its remarkable development over the past three decades, helping the country escape poverty, sustain economic growth, and improve living standards.

However, traditional growth drivers such as low-cost labor, large-scale capital investment, and global integration are losing momentum. The government is now directing a shift towards a model based on science, technology, innovation, and high-quality human resources.

Assoc. Prof. Dr. Nguyen Hong Son, Deputy Head of the Party Central Committee’s Commission for Policies and Strategies, said that Vietnam has identified science and technology, innovation, and digital transformation as the key drivers in its transition to a new growth model.

This transition must be linked to improving the investment and business environment, embracing the Fourth Industrial Revolution, and integrating into global production and value chains, Mr. Son said.

"At the same time, we must balance growth with environmental protection and sustainable social development," he said, adding that accelerating green and digital transformation will lay the foundation for the new model.

Delegates asked the State to complete a modern, consistent, and efficient market economy framework and make the private sector a key growth driver.