Wrap-up and Occlusion
Main Article Content
Abstract
Provides the policy recommendations. Vietnam has sustained high economic growth rates since the early 1990s, driven by economic reforms and external openness. Annual per capita real GNI growth has consistently been around 5.0% from 1995 to 2019, significantly outpacing advanced economies. To achieve high-income status by 2045, annual growth must rise to 5.4%, requiring productivity increases and industrial upgrading. The economy needs to transition from input-driven growth to innovation-driven growth, emphasizing human capital, labor and capital market efficiency, competition, and technology adoption. Digital technologies play a pivotal role in this transition. Key industries like electronics, advanced agriculture, textiles, DX-related sectors, automobiles, healthcare, and energy are expected to contribute to economic growth and a circular economy. Engaging in collaboration with Japan, especially in the realm of Digital Transformation (DX), offers significant potential for advancing towards the goal of achieving high-income country status by 2045. Additionally, it is advisable to pursue cooperative initiatives in various sectors, including the automotive industry, advanced agriculture, climate change mitigation, the circular economy, and addressing the challenges posed by an ageing society.