International organisations broadly agree that shifting the growth model from reliance on traditional factors toward technology and innovation is no longer an option for Vietnam, but an imperative of the times.
On behalf of the Party Central Committee, Party General Secretary and State President To Lam signed Resolution No. 19-NQ/TW on July 28, 2026 on renovating Vietnam's development model. The resolution aims to help realise the country's aspiration of becoming a high-income developed nation by 2045.
On behalf of the Party Central Committee, Party General Secretary and State President To Lam signed Resolution No. 19-NQ/TW on July 28, 2026 on renovating Vietnam's development model.
Resolution No. 19-NQ/TW, adopted at the third plenum of the 14th Party Central Committee, identifies breakthroughs in institutions and reforms as the starting point for renewing Vietnam’s development model, alongside reforms in national governance, organisation and operations to build new development capacity.
The third plenum’s swift move to translate the 14th National Party Congress vision into actionable policy directives should inspire confidence in Vietnam’s future development trajectory.
Vietnam remains relatively little known among Swiss youth, but its socio-economic model could serve as an inspiring case, said General Secretary of the Communist Party of Switzerland. Massimiliano Ay.
Party leader To Lam reaffirmed that science, technology, innovation and digital transformation must be clearly identified as the primary drivers of the new development and growth models, and as the most fundamental factors for achieving long-term double-digit growth.
President Cuong highlighted Vietnam’s remarkable progress over nearly four decades of the “Doi moi” (renewal) process, noting that the country now boasts a stable socio-political environment, a dynamic and globally integrated economy, a modern institutional framework, and an extensive network of international partnerships, laying a strong foundation for groundbreaking development in the new era.
