Viet Nam's Top Leaders Pledge Innovation, Digital Transformation for Prosperity
Viet Nam's top leaders, including General Secretary Tô Lâm and Prime Minister Pham Minh Chính, have underscored the nation's commitment to innovation and digital transformation as the key to its long-term prosperity. They framed innovation as both a necessity and an opportunity for Viet Nam's next stage of development.
The Prime Minister reached out to international partners, notably Germany and China, inviting greater cooperation in legal frameworks, finance, technology transfer, and support for Vietnamese startups seeking integration into global value chains. In his talks with German Chancellor Friedrich Merz, he emphasized expanding collaboration in strategic areas such as the green economy, renewable energy, supportive industries, and digital transformation. Meanwhile, Viet Nam also prioritized its comprehensive strategic partnership with China to deepen cooperation.
The leaders acknowledged the challenges in execution, including institutional inertia, financing bottlenecks, and a cultural reluctance to embrace risk. To overcome these hurdles, they called for stronger accountability, urging a 'no excuses' mentality and warning against complacency. They also noted the need to embed innovation across society, fostering a culture that rewards creativity, risk-taking, and efficiency. This would require closer coordination between ministries, more flexible funding for research and development, and stronger links between universities, start-ups, and private capital.
Viet Nam's commitment to innovation and digital transformation was further solidified at a recent event, with strong political consensus signaling a shift towards a more knowledge-driven growth model. This could mean new incentives for research and development, more favorable regulatory environments, and stronger state backing for digital infrastructure for enterprises already operating in the country.
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