Vietnam's economic development vision 2045 - Part 1: Thinking about growth and development in creating a prosperous economy

To enter the new era, in the face of breakthroughs and epochal changes in the world economic system that are reshaping the order, we cannot help but strategically position the country, first of all the economy, in the contemporary world. This determines the country's position and strength as a developed, high-income country. In the vision to 2045, and immediately to 2030, on the basis of socio-economic conditions, there is an urgent need for comprehensive, strong, and profound innovation in thinking and viewpoints, innovation in inclusive institutions, and synchronous and unified implementation of policies and solutions to create the foundation and driving force for the country's economic development. This is an opportunity, but also a difficult and harsh challenge.

Development for Vietnam is not simply about getting rich, but a step of survival and strategic positioning, raising the country's stature in the world in the 21st century.

Lesson 1: Thinking about growth and development in building a prosperous economy

If growth is an index, an increase in economic scale, then development is quality, economic, social, cultural, environmental and human sustainability. Growth is only a superficial manifestation; development is the core content of social progress.

Strategic vision for development

The vision of developing a prosperous and globally-recognized country by 2045 means that Vietnam is not only rich in economy, but also strong in politics , culture, society, institutions, people and national competitiveness. In other words, it is a combination of growth - equity - sustainability - culture - people, to challenge all limits of development.

Therefore, Vietnam must develop in the direction of modernity - openness - deep integration, based on internal strength with the foundation of economy and transform those factors into soft power, constantly perfecting the system of national development values.

No economy can be considered prosperous and sustainable if it does not rely on its own strong strength, meet the development needs of the people, be compatible with the international value system and standards and ensure overall balance in any situation and circumstance. The development of Vietnam's economy is no exception to that rule.

The measure of Vietnam's economic prosperity must be an economy with a high per capita income, but with continuous and stable growth. Not only reflected by the GDP index, but also by a healthy and highly competitive economy.

On the other hand, economic growth must be high, all resources must be used effectively and competitiveness must be ranked high. The economic structure must be shifted towards efficiency and improvement, in accordance with the country and the value system with the international supply chain. And above all, ensuring strategic balance, developing at a high speed, sustainably and humanely.

Growth and development

If growth is an index, an increase in economic scale, then development is quality, economic, social, cultural, environmental and human sustainability. Growth is just a superficial manifestation; development is the core content of social progress. Chasing growth speed while forgetting the foundation of development is digging one's own grave.

In the context of globalization and strategic competition, it is necessary to warn that strategic competition is not only about technology or trade, but also about competition in development models, with capturing trends, taking advantage of opportunities, and renewing consumption dynamics being of particular importance to economic growth and development.

Therefore, to avoid a growth model that relies too much on resources, public investment, cheap labor, lacks sustainability, creativity and endogenous motivation, it is necessary to move towards a development model based on knowledge - technology - people - effective management - development culture. That is the durability of development that is consistent with the trend of international economic development in the current era of rapid technological development.

Therefore, development for Vietnam is not simply about getting rich, but a step of survival and strategic positioning, raising the country's stature in the world in the 21st century.

Economy with culture and culture with economy go hand in hand with politics and security, national defense

A prosperous Vietnam is a rich people, a strong country, a brilliant culture, a nation that confidently integrates without dissolving. Therefore, inevitably, economy and culture are inseparable, but permeate, nourish and support each other. They are two sides of a developing whole.

Economics in culture - the foundation and soul of Vietnamese identity. If culture wants to develop, there must be an economic mechanism: cultural industry transforms creative values into competitive products at home and abroad (films, music, tourism, cuisine, fashion, etc.); economicization of heritage does not involve crude commercialization, but develops cultural tourism and services associated with conservation; investment in creativity (strong economy helps arts, education, and heritage conservation have the conditions to develop and spread).

The economy provides the resources, tools and environment for culture to exist, spread and develop, ensuring the reality and vitality of cultural values. No rich and powerful country can rely solely on material growth without cultural depth; and no strong culture can last long if the economy is weak.

In short, the economy not only ensures culture with material "support", but also with a civilized market mechanism, creating motivation for creativity and preserving culture for mutual development.

In turn, culture in economics is not only the foundation and driving force, but also the identity of all economic activities. A strong economy without cultural identity will lack depth and be vulnerable to market fluctuations. Culture in economics is the "ferment" and "soul" of economic development. It is the morality, mettle and national lifestyle that are transformed into economic strategy, ensuring that each economic policy is imbued with national spirit, business ethics, and respect for people and nature.

At the same time, each economic product and service bears the Vietnamese mark, from fine arts, packaging, to brand. On the other hand, in economic relations, traders and businesses keep their reputation, promote mutually beneficial cooperation, without culture in the economy, society easily chases after short-term profits, leading to moral degradation, economic development deviated.

The goal of a prosperous Vietnam is the convergence of two fundamental factors: economy with culture and culture with economy, to ensure political stability and national defense strategy. This convergence is increasingly becoming a strategic "pivot point". The economy must have a cultural soul to create a soft competitive advantage in the global market; culture must become a direct resource for growth, not just a spiritual factor; build a national brand that is both rich in material and humanistic; enrich the culture of nation building while developing the culture of nation preservation.

Vietnam can only become rich and powerful if it uses culture to guide the economy and uses economy to nurture culture in a unified manner, worthy of being the support for political stability and maintaining national security and defense. Economic development towards 2045 needs to be imbued with a parallel economic and cultural philosophy, anticipating and avoiding two diseases: insensitive economy (pure growth, but far from, losing cultural roots); poor culture (rich in spiritual values, but not strong enough to support itself).

Can be visualized from 3 angles:

Firstly, development must be creative - not beg - not depend. The state must be a developmental state, not subsidize, not bureaucratize the economy. It is necessary to liberate production capacity - liberate thinking - liberate people.

Second, development must be synchronous between economic sectors with culture, environment and society. A nation cannot be considered developed if the environment is destroyed; culture is lost; social injustice is not controlled. Therefore, people must be the center, culture must be the foundation and technology must be the launching pad on the basis of national mentality and national psychology for development and in comprehensive development.

Third, development requires political stability and modern institutions. There can be no rapid growth if politics is unstable and institutions are incompatible. To achieve rapid and sustainable growth, it is impossible without reforming institutions - apparatus - management thinking - operating mechanisms - power control, in which the human factor holds a fundamental position and the institutional system plays a key driving role.

Vietnam's sustainable development must not only follow international standards, but must also be based on a system of national values with three pillars of sustainable development: economic independence; sustainable culture; and political stability.

From development practice and future requirements, Vietnam must avoid dependence on foreign economic models, but also not close itself off to develop a separate Vietnamese model, but skillfully combine modern nationalism with the spirit of innovation, openness, integration and creativity.

To build an economy that develops at a high and sustainable rate, one must have vision, a mindset, a system of values, ethics, aspirations and courage. Figuratively speaking, it must be a Vietnamese economy that develops at a high rate, but sustainably, humanely and with a soul.

(To be continued)

Source: https://baodautu.vn/phat-trien-kinh-te-viet-nam-tam-nhin-nam-2045---bai-1-tu-duy-ve-tang-truong-va-phat-trien-trong-kien-tao-nen-kinh-te-phu-cuong-d398460.html