Vietnam has maintained a high economic growth rate since the early 1990s, thanks to economic reforms and openness to the world. However, to become a high-income country by 2045, we still face many challenges ahead...
Recently, in Da Nang city, the Economic Research Institute for ASEAN and East Asia (ERIA) in collaboration with the University of East Asia organized an international scientific conference with the theme "Vietnam's Challenges: Towards a High-Income Country by 2045".
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| To become a high-income country by 2045, Vietnam is facing challenges ahead. |
At the workshop, Professor Tetsuya Watanabe, Chairman of ERIA, shared that since the 13th National Party Congress in 2021, the goal of turning Vietnam into a high-income country has been set. To support this goal, ERIA and 30 experts from many countries have developed the report “Vietnam 2045: Issues and challenges for development”. This report, with 600 pages and 21 chapters, provides in-depth analysis of historical factors, development models, key industries, sustainability, and policy recommendations.
Speaking at the workshop, Professor Tran Van Tho from Waseda University (Japan) emphasized that Vietnam needs to shift from input-based growth to total factor productivity (TFP)-based growth, as well as promote institutional reform to maintain long-term growth. He recommended focusing on industrialization, supporting small and medium enterprises, improving education, and investing in research and development (R&D).
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| Digital transformation, the 4th Industrial Revolution and artificial intelligence will be the driving force behind Vietnam's digital economy. |
Dr. Vo Tri Thanh, Chairman of the Vietnam Pacific Economic Cooperation Committee, said that Vietnam has achieved many economic achievements, but still faces the risk of falling into the middle-income trap. He said that it is necessary to promote administrative reform, improve competitiveness and develop human resources to ensure the target set for 2045.
Mr. Nguyen Anh Duong, Head of the General Research Department, Central Institute for Economic Management (CIEM), shared that digital transformation, the Fourth Industrial Revolution and artificial intelligence will be the driving force to promote Vietnam's digital economy, contributing to helping Vietnam move towards a high-income economy. He emphasized the need to develop technology human resources and improve legal infrastructure to support digital transformation.
Assessing the potential and challenges ahead, Professor Yasuhiro Yamada from ERIA said that Vietnam needs to focus on improving productivity and developing digital technology. Key industries such as electronics, high-tech agriculture, textiles, automobiles and healthcare could be the drivers of economic growth and the transition to a circular economy.
The workshop “Vietnam’s Challenges: Towards a High-Income Country by 2045” brought together nearly 200 experts and scientists from universities and research institutes in Vietnam, Japan and countries in the region, along with representatives of the Da Nang People’s Committee and the Consulate General of Japan. The workshop included four working sessions and a forum, with in-depth reports on economics, industry and digital transformation, to identify a roadmap and strategic policies for Vietnam to achieve its goal of becoming a high-income country by 2045. Topics such as the balanced development model, digital transformation and industrialization were discussed. |
Source: https://thoibaonganhang.vn/chuyen-gia-goi-mo-chien-luoc-dua-viet-nam-tro-thanh-quoc-gia-co-thu-nhap-cao-157096.html
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