Hanoi Aims for Double-Digit Growth Through Science and Technology

More than 1.5 years after the implementation of Resolution No. 57-NQ/TW of the Politburo, the recent national conference affirmed the stature of a strategic decision, placing science, technology, innovation, and digital transformation at the center of the national development model. Hanoi is accelerating its efforts towards double-digit growth based on this resolution. Hanoi has developed and is implementing six resolutions to create breakthroughs in science, technology, and innovation, aligning with Politburo Resolution No. 02-NQ/TW on building and developing the capital city in a new era. These initiatives emphasize the central role of science and technology in the city's development model. Specific examples, such as the success of a competition to understand the Hanoi City Party Committee's resolutions and the contribution of Hanoi Metro to national digital transformation through infrastructure development, indicate that these resolutions are beginning to yield tangible results. The city is exploring innovative approaches to achieve breakthroughs in science and technology, viewing the unleashing and utilization of intellectual resources as crucial for driving Hanoi's sustained economic growth. Under Vietnam's one-party system, strategic decisions by the Party leadership significantly influence the direction of national economic policy. Hanoi's current initiatives are in line with the central government's goal of becoming a "nation strong in science and technology," highlighting the great expectations placed on science and technology as a new engine for economic growth. While Vietnam's rapid economic growth in recent years has been supported by increasing foreign direct investment (FDI), enhancing domestic innovation capabilities will be a critical challenge for further development.