The Role of Science and Technology in Growth Model Innovation in Vietnam (2010 – 2020)

Abstract

Science and technology play an important role in transforming growth models, improving productivity, quality, efficiency, and competitiveness of the economy. This is vital to the country's existence and development and is an urgent requirement of the current industrialization, modernization, and national integration in Vietnam. During more than 30 years of industrialization, modernization, and international integration, science and technology in Vietnam, especially in the last ten years (2010-2020), achieved important progress in all aspects, making a practical contribution to economic development, improved the quality of people's life and consolidated national defense and security. However, science and technology in Vietnam today still have many shortcomings as the level of science and technology of social production remains low and backward compared to other countries in the region; low labor productivity; domestic businesses are still less interested in investing in research and development (R&D); investment in science and technology activities is low, the structure is not suitable, efficiency is low; the contingent of science and technology staff lacks quantity, is weak in quality, and the structure is not suitable. These shortcomings have affected the demand for reform of an economic growth model to meet rapid and sustainable development requirements. Written focus on clarifying the role of science and technology in the innovation of growth model, thereby assessing the status of promoting the role of science and technology in innovating economic growth model in Vietnam. Especially in the period 2010 - 2020. Thereby, the article proposes several solutions to promote the role of science and technology in the innovation growth model in Vietnam.

Keywords: science, technology, economic growth model, Vietnam.