Vietnam Pursues Multifaceted Development Strategy Bridging Tradition and Modernity

Vietnam is actively pursuing a multifaceted development strategy that bridges its rich historical heritage with modern societal advancements. In the central province of Quang Ngai, a project has been launched to revive the traditional Sa Huynh salt-making craft in conjunction with tourism development, aiming to create sustainable livelihoods for local residents. This initiative highlights Vietnam's commitment to balancing economic growth with cultural heritage preservation. In the education sector, newly built boarding schools in Da Nang's western border areas are providing students with modern learning environments, thereby expanding educational opportunities. Furthermore, innovative approaches such as virtual reality are being employed to bring Vietnam's history closer to younger generations, fostering national pride and a sense of responsibility for the country's future. Promoting domestic consumption remains a key pillar of Vietnam's strategy. The campaign 'Vietnamese people prioritise using Vietnamese goods' has long supported local businesses. In recent years, digital platforms have created new avenues, enhancing the competitiveness of Vietnamese products. Infrastructure development is also a priority. In Hanoi, projects for ring roads and school construction are being expedited to ensure timely completion and quality. Meanwhile, in Quang Tri province, the adoption of renewable energy is helping meet rising electricity demands while securing clean, locally generated power. This reflects Vietnam's pursuit of energy security and environmental protection. On the diplomatic front, Deputy Prime Minister Nguyen Van Thang's visit to the United States aimed to deepen the Comprehensive Strategic Partnership and promote cooperation in economics, trade, finance, and technology. This underscores Vietnam's proactive engagement in strengthening ties with major global partners for economic development. Domestic political stability and the maintenance of friendly relations with neighboring countries, evidenced by inspections by General Secretary of the Communist Party of Vietnam Central Committee and President To Lam, phone talks between Prime Minister Le Minh Hung and the German Chancellor, and the reaffirmation of special solidarity with Laos, form the bedrock of Vietnam's development strategy. Nearly 40 years after opening its economy, Vietnam is shifting its focus from merely attracting foreign investment to utilizing it more effectively to strengthen domestic capacity, enhance competitiveness, and bolster economic self-reliance. This indicates a move towards qualitative improvement in Vietnam's one-party system-led economic development model.