The “Golden Key” to Overcoming the Middle-Income Trap

Hoàng Văn Minh |

General Secretary To Lam expects science, technology, innovation and digital transformation to be the key driving force, the "golden key", and the vital factor for Vietnam to overcome the middle-income trap and the risk of falling behind.

In recent years, many localities across the country have made significant strides in digital transformation, from putting public services online to developing mobile applications to serve businesses and people.

Hanoi, Ho Chi Minh City and Da Nang are typical examples of the spirit of "going out to sea" when local authorities make efforts to digitize data, administrative procedures and essential services, creating a strong impression on efficiency and satisfaction of people and businesses.

The positive movement of localities has a more solid foundation when Resolution 57-NQ/TW was issued by the Politburo, with the goal of turning Vietnam into a modern industrial country by 2030 and a developed, high-income country by 2045.

Speaking at the National Conference on Breakthroughs in Science, Technology, Innovation and National Digital Transformation, General Secretary To Lam affirmed: “Science, technology, innovation and digital transformation are the key driving forces” - the “golden key” for Vietnam to overcome the middle-income trap and keep up with the world’s development pace.

It can be seen that the old bottlenecks in administrative procedures, access to public services, or local status in planning have been gradually removed through the power of digital technology. However, besides the positive marks, it is undeniable that there are still many challenges, especially upgrading digital infrastructure, ensuring information security, or developing digital human resources to meet the requirements of the times.

Experience from many countries shows that digital transformation not only improves socio-economic performance, but also improves quality of life and opens up vast opportunities in employment, education, and healthcare.

As a nation with great aspirations, Vietnam has the potential to become a “star” in the region, as long as we focus on strategic priorities such as people, data and infrastructure.

Putting science, technology, innovation and digital transformation as levers for the modernization process is a historic decision. The spirit of Resolution 57, together with the determination of localities, signals a new journey where Vietnam can completely overcome the middle-income trap and become a developed country.

The "golden key" is in our hands, and whether we open the door to a powerful future or not depends on our determination and how we act.

Hoàng Văn Minh
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