Dr. Heng LiHong, Permanent Vice Chairman and Secretary-General of the Vietnam-Cambodia Business Association. (Photo: VNA)

New growth model helps position Vietnam on global technology map: expert

Heng LiHong, who is also a member of the Standing Board of the Business Association of Overseas Vietnamese (BAOOV), expressed his confidence that this new growth model will help Vietnam move beyond a development path reliant on low-cost labour and resource extraction, enabling the country to gradually climb to higher levels in the global value chain.