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On June 5, the University of Economics and Business (UEB) beneath Vietnam National University, Hanoi introduced its 2026 Annual Policy Advisory Report and held a seminar on boosting science, know-how, innovation and digital transformation.
Nguyen Duc Hien, Deputy Head of the Party Central Committee’s Commission for Policies and Strategies, stated Vietnam had set a excessive development goal of 10 per cent or extra. In that context, remodeling the expansion mannequin in direction of speedy, sustainable and knowledge-based improvement, pushed by sci-tech, innovation and digital transformation, has been recognized as a core engine for producing productiveness, competitiveness and new added worth.
However, he famous that this transition required pressing enhancements in establishments, stronger technological absorption capability amongst companies, the event of appropriate personnel and more practical implementation of public insurance policies.
Assoc. Prof. Dr. Nguyen Truc Le, rector of the UEB, raised the query of what Vietnam ought to depend on to obtain financial development of 10 per cent or larger within the coming years.
He burdened the necessity to flip sci-tech right into a direct productive drive, make innovation a supply of nationwide competitiveness, and place digital transformation as a key driver of productiveness development throughout the economic system. Research outcomes, new applied sciences and progressive concepts, he stated, should be translated into financial development, jobs, larger incomes and higher dwelling requirements for Vietnamese folks.
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Luu Quoc Dat from the UEB argued that the brand new improvement mannequin locations data, know-how, knowledge and innovation on the centre of development. Under this strategy, whole issue productiveness would improve, with development more and more generated by governance, know-how, abilities, knowledge and steady studying.
At the identical time, a decrease ICOR ratio would mirror extra environment friendly use of capital and decreased dependence on pure funding growth. Domestic enterprises, he added, would achieve stronger management over manufacturing processes, merchandise, knowledge and markets.
“Transforming the growth model is not about simply adding more technology, but about reorganising the way growth is generated, with productivity and value-added serving as the central benchmarks,” Dat stated.
He proposed a five-layer mannequin linked into an built-in ecosystem by which the state serves as the muse builder, the innovation system connects stakeholders and science, know-how, innovation and digital transformation collectively create a steady worth cycle.
According to the proposal, the three pillars of the brand new financial improvement mannequin would assist Vietnam transfer away from in depth development in direction of development based mostly on productiveness, data, innovation and knowledge.
Sci-tech generates new data, whereas know-how transforms that data into instruments, processes and productive capability. Innovation serves because the central mechanism for changing data and know-how into socioeconomic worth. Meanwhile, digital transformation is just not merely about digitalisation, however about restructuring governance, manufacturing and innovation based mostly on knowledge.
“The new development logic is no longer just about adding capital and labour, but about building the capability to create knowledge, convert knowledge into value and amplify that process through digital technologies,” Dat stated. “The three pillars do not replace one another, but interact and complement each other to enhance productivity, value-added and new competitive capabilities. High and sustainable growth can only emerge when all three pillars continuously interact within the national innovation system.”
The UEB proposed that the federal government expand public procurement for innovation, create an institutional “green lane” and undertake KPI-based governance mechanisms.
“The focus should not be on issuing more policies, but on creating fast, measurable implementation mechanisms and building markets for innovation,” Dat stated.
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The seminar additionally highlighted main obstacles to development pushed by science, know-how and innovation, together with restricted technological absorption capability amongst companies, inconsistent digital infrastructure and establishments, gaps between analysis and sensible utility, and limitations associated to capital, workers and digital transformation for small and medium-sized enterprises.
Experts known as for breakthroughs in institutional reform, the event of digital infrastructure and nationwide knowledge programs, in addition to stronger linkages among the many authorities, universities, analysis institutes and companies to encourage innovation and enhance the economic system’s competitiveness.
At the seminar, the UEB additionally launched its 2026 annual coverage advisory publication collection, consisting of three thematic stories: “Vietnam’s Growth Outlook and Economic Structure”; “Innovation, Digital Transformation and National Governance Capacity”; and “Sustainable Development and New Economic Models.”
The publications are the results of interdisciplinary analysis carried out by UEB consultants, combining theoretical foundations, worldwide expertise and Vietnam’s improvement realities. They deal with strategic points equivalent to development mannequin reform, personal sector improvement, institutional reform, digital transformation, and bettering useful resource allocation effectivity.
Assoc. Prof. Le Trung Thanh, vice rector of the UEB, stated science, know-how, innovation and digital transformation should grow to be the core basis of Vietnam’s new development mannequin, offering momentum for speedy and inexperienced improvement whereas enhancing nationwide competitiveness.
“Scientific research should be more closely linked with practical governance and business needs to help transform knowledge into productivity, technology and new economic value,” he stated.
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