Vietnam Adopts Party Resolution on Development Model Innovation

The Communist Party of Vietnam has adopted a comprehensive resolution on innovating the national development model, signaling a strategic shift towards qualitative transformation in state governance and economic growth. This resolution serves as a roadmap to address Vietnam's challenges and achieve sustainable development. Foremost, the resolution emphasizes strengthening the Party's leadership and governance capabilities as a top priority. Focus will be placed on enhancing strategic planning, institutional building, and execution capacity. A key initiative is to promote and protect dynamic and creative cadres who dare to think and act, with performance efficiency being the primary measure for cadre evaluation. Mechanisms for attracting and utilizing high-quality human resources between the public and private sectors will also be established. In national governance, the aim is to perfect the socialist law-governed state. This involves transitioning from sector-based administrative management to ecosystem-based development governance. The state will regulate and guide the market, building national capabilities in science, technology, innovation, data, new energy, and strategic competitive fields. The market will play a decisive role in mobilizing and efficiently allocating resources, while society will exercise its right to mastery through supervision, feedback, and consensus-building. Legal frameworks will be developed to reflect practical realities, absorb international standards, and become a powerful driving force for Vietnam's competitive advantage. Economically, the resolution seeks to establish a new growth model driven by productivity, science, technology, innovation, digital transformation, green transition, and high-quality human resources. High-tech industries, high-value services, smart agriculture, the digital economy, and the green economy will be strongly fostered as new growth drivers. National development space will be reorganized into a multi-layered, multi-polar structure, synchronously linking land, sea, underground, and digital spaces. This resolution underscores Vietnam's strong commitment, within its one-party system, to enhance the quality of economic growth and maintain or strengthen its international competitiveness. The transition towards digitalization and a green economy, in particular, aligns with global trends and will be decisive for Vietnam's future economic trajectory.