Innovation to be the new growth motivation for Vietnam
Some innovations that Vietnam could focus on include:
- Technology adoption: The country should focus on helping companies adopt and diffuse new technologies. This can lead to economic and productivity gains.
- Capacity building: Vietnam should prioritize building capacity to take advantage of new technologies.
- Closing the skills gap: Vietnam should close the skills gap in the workforce to fully harness innovation.
- Policy implementation: Vietnam should improve its policy implementation in areas such as digital transformation, finance, the environment, and poverty reduction.
- Open innovation: Vietnam should deploy open innovation platforms and networks.
- Sustainable development: Vietnam should promote sustainable development.
Other opportunities for innovation in Vietnam include: Developing a human capital and skills base, Nurturing a dynamic business sector, Diversifying and upgrading the economy, Improving the effectiveness of the innovation system, and Strengthening inclusive growth
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