{
  "id": 6257374,
  "title": "Resolution 10 equals growth driven by strategic innovation",
  "url": "https://urgent.news/2026/09/08/resolution-10-equals-growth-driven-by-strategic-innovation",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-08T07:44:19.000Z",
  "source": {
    "name": "Vietnam Investment Review",
    "slug": "vietnam-investment-review",
    "url": "https://vir.com.vn/resolution-10-equals-growth-driven-by-strategic-innovation-160337.html"
  },
  "original_language": "en",
  "account": "Vietnam's shift from a cost-driven to an innovation-driven growth model hinges on five key policy measures. Firstly, with credit-to-GDP above 140%, the nation can access more equity, venture capital and corporate bonds, which forms part of the innovation policy. Secondly, the 200% research and development (R&D) super-deduction is positive; however, Vietnam's current R&D spending only accounts for 0.4-0.5% of its GDP. Tax incentives alone are insufficient; hence, direct government co-funding could support early-stage, high-risk R&D. Thirdly, Vietnam can transition from a \"managing\" to a \"facilitating\" state by introducing regulatory sandboxes, reducing processing times and business conditions by at least 30%, moving away from the \"request-and-approval\" model, and ensuring faster, more predictable approvals. Fourthly, developing sector-specific talent in strategic areas like semiconductor integrated circuit design and AI through industry-aligned training could be beneficial. Lastly, prioritizing anchor investors committed to technology transfer and stronger domestic links can create industrial ecosystems and make foreign direct investment (FDI) a catalyst for innovation, technology upgrading, and domestic value creation.",
  "summary": "A massive strategic overhaul is underway regarding Vietnam s embrace of foreign investment Il Dong Kwon managing director and partner at BCG Vietnam spoke to VIR s Bich Ngoc about improving the quality of foreign funding and related resolutions to boost high tech sectors",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}