Politburo Resolution No. 10-NQ/TW on the development of the foreign-invested economy sets the goal of turning Viet Nam into one of Asia’s highly competitive centres for production, services, innovation, and regional operations, with deep participation in global value chains.

Viet Nam and Russia are facing a comprehensive, long-term cooperation agenda, as well as the potential for transformation in bilateral cooperation, said Dr. of Economics Leonid Borisovich Vardomsky from the Institute of Economics under the Russian Academy of Sciences.

Innovation not only enables Vietnamese private enterprises to overcome the limitations of old growth models but also lays the foundation for deeper participation in global value chains.