High technology - New driving force for the era of breakthrough growth

As Vietnam enters a period of strong growth, high technology needs to play a pioneering role in innovating the growth model, increasing labor productivity and affirming the country's position in the global value chain.

Leverage for productivity growth and innovation

Vietnam is entering a new era of growth, aiming to become an upper-middle-income country by 2030 and a developed industrial country by 2045. To realize that aspiration, high technology is identified as a central pillar, the "engine" for an in-depth growth model, based on innovation and labor productivity instead of relying solely on resources or cheap labor.

According to many experts, this is the time for Vietnam to transform strongly, take advantage of the achievements of the 4.0 Industrial Revolution, build a knowledge-based economy and affirm its role as a dynamic, innovative country in the Asia- Pacific region.

High technology - Leverage for productivity growth and innovation.

According to the annual Innovation Index (GII) table of the World Intellectual Property Organization (WIPO), it can be seen that countries attach great importance to innovation. Almost all countries consider innovation as the only and most effective means to improve national status. All high-level resources or more specifically elite resources are focused on improving this innovation index.

One of the particularly important conditions to promote continuous innovation to create a foundation for solid innovation of the growth model, unleash development potential, and maximize the growth factor in depth is the need to increase research and development (R&D) spending. There is almost a fierce race between countries in using R&D to achieve the pinnacle of high technology to create technological competitive advantages, commercialization and create advantages from high technology monopoly. In other words, high technology becomes a target that needs to be mastered and this is also a sign showing the particularly important mission of high technology in deciding the strategic position of countries.

The state of high-tech development will be significantly changed by promoting the exploitation of this investment source from both private and public sources.

Take the lead, change the growth model in depth

The intensive growth model is a means to create momentum for the country to rise in the new stage. High technology is the core of the new growth model. Both theory and practice show that Vietnam has the conditions to develop high technology to serve the effective transformation stage. In the rising stage, growth can reach double digits from 2026. Vietnam is connecting with leading technology corporations to reach high technology. That shows that high technology development is considered important in association with innovation.

High technology is at the core of the new growth model.

In the era of national development, high technology needs to have a leading mission to change the growth model, increase labor productivity, affirm its position and irreplaceable role in the growth model in depth, with great influence and move the country to a high industrialization stage, towards an industrialized country to be able to join the group of the most developed industrialized countries by 2045.

At the same time, it is necessary to have a high-tech development ecosystem based on the Project and the Law on High Technology as well as other relevant regulations. Invest more in high technology and have incentive mechanisms to encourage high technology efficiency. Develop the high-tech market associated with a high-tech development investment cooperation model or appropriate international joint ventures.

In particular, it is necessary to pay attention to developing human resources for high-tech research and development, attach importance to high-tech centers, innovation centers and building high-tech product chains, connecting domestic and international high-tech centers and having solutions to shorten the development gap, even creating new and effective development models and catching up with world trends.

On the other hand, high-tech enterprises and corporations need to have a strong investment strategy to master and develop high technology. There needs to be an effective and strong policy for enterprises to develop this technology. It is necessary to attach importance to promoting innovative startups to reach the pinnacle of technology in the new development stage. Actively and proactively learn from experiences and good practices to apply appropriately to each appropriate high-tech field.

Center for Science and Technology Communication

Source: https://mst.gov.vn/cong-nghe-cao-dong-luc-moi-cho-ky-nguyen-tang-truong-but-pha-197251012134059233.htm