The Central Committee stressed the need to focus on developing synchronous and modern infrastructure system and sharpening national competitiveness to create growth breakthroughs.

Viet Nam will strive to become one of three leading countries in ASEAN and among 30 leading countries around the world in terms of business environment.

The Central Committee also underscores the need to transform the growth model, with science, technology, innovation and digital transformation as the key driving force; speed up restructuring of sectors; and develop new economic models.

The Southeast Asian country will focus on improving the efficiency and competitiveness of several fundamental industries such as energy, manufacturing, shipbuiding, new materials, digital technology, biotechnology, metallurgy, and railway transport.

Policies for foreign direct investment (FDI) attraction will be innovated, shifting from tax incentives to result-based incentives, with greater focus on promoting technology transfer and partnership between domestic and FDI sectors.

Viet Nam will develop domestic market to become an important fulcrum for growth; expand and diversify export markets and supply chains; effectively utilize its network of free trade agreements.

The country will give priority to developing domestic capital market to serve as a long-term capital mobilization channel while reducing reliance on the banking system; modernizing the banking and credit organization system; and increasing charter capital of State commercial banks./.