Growth model innovation is an inevitable requirement.

The Economic and Financial Committee's review report on the situation and results of the implementation of this resolution at the 10th Session of the 15th National Assembly shows that the Government has demonstrated its determination and unity of action, which was concretized by Resolution No. 54/NQ-CP with 15 major policy groups, 102 tasks and projects, and clear responsibilities of ministries, branches and localities. From these efforts, the implementation of the 5 key task groups to restructure the economy in the 2021-2025 period has achieved more positive and comprehensive results than the previous period.

However, in addition to the achieved results, the implementation of economic restructuring in recent times still faces many difficulties, challenges, shortcomings and limitations. That is the slow transformation of the growth model, mainly relying on capital and labor, while sustainable driving forces such as innovation, science , technology and knowledge economy have limited contributions. Only 10/27 expected targets were achieved; 13 targets were difficult to complete, of which 9 targets were difficult to achieve, 4 targets were not achieved. Labor productivity improved slowly, with an average of only 5.24%/year in the 2021-2025 period, much lower than the target of 6.5% and significantly lower than other countries in the region.

From another perspective, Conclusion No. 203-KL/TW dated November 4, 2025 on continuing to focus on implementing tasks and solutions to ensure the highest level of implementation of the 2025 growth target, creating a solid momentum for sustainable growth at double digits in the coming period and summarizing Resolution No. 05-NQ/TW dated November 1, 2016 of the 12th Party Central Committee also frankly acknowledged: after 9 years of implementing Resolution No. 05-NQ/TW, although our country's economic growth model continues to have positive innovations, associated with implementing 3 strategic breakthroughs, restructuring the economy increasingly relying more on productivity and quality, gradually taking science, technology, innovation and digital transformation as the main driving force, the macroeconomic foundation continues to be consolidated... but economic growth is still mainly in breadth, below potential, mainly based on investment public and credit, have not achieved the set targets.

There are still large differences between regions and localities; it still depends a lot on external factors, especially from FDI. The potential of regions and economic sectors is still very large but has not been exploited and promoted effectively. Growth drivers such as capital accumulation, labor productivity, technological innovation... are still low, there has not been any clear improvement; the macroeconomic foundations are not really sustainable...

The reasons for this situation are institutional, mechanism and policy obstacles. The work of law making has not kept up with reality, is fragmented, inconsistent and lacks a long-term strategic vision, leading to policies being difficult to put into practice and slow to take effect. In addition, external factors such as geopolitical and geo-economic fluctuations are increasingly frequent and multi-dimensional; science and technology are fundamentally changing the structure of the economy and reshaping global value chains and supply chains; the impact of economic separation and fragmentation... are also huge challenges for the process of transforming our country's growth model.

Thus, the innovation of the growth model from breadth to depth, based on science, technology, innovation, associated with green economy, circular economy, digital technology, artificial intelligence has been and is an objective necessity because the growth model depends too much on cheap labor, investment capital, resource exploitation and processing exports has reached its limit and is no longer suitable to improve productivity, quality, efficiency and added value of the economy.

And to innovate quickly and effectively, we must first start with resource allocation. Next, science, technology, and innovation must be considered strategic investment items of the budget. In addition, land and capital market institutions also need to be reformed to create conditions for the private sector to develop. In particular, decentralization and delegation of power with accountability must be substantial to form new growth poles.

Source: https://daibieunhandan.vn/doi-moi-mo-hinh-tang-truong-la-doi-hoi-tat-yeu-10395428.html