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In recent years, facing profound adjustments in the global economy, China has clearly formulated and implemented strategies for the development of its industrial economy. These strategies include strengthening infrastructure, enhancing workforce quality, and expanding both domestic and international markets, effectively spurring rapid growth in the industrial sector. Despite significant achievements, China's industrial sector still faces challenges such as environmental pollution, limited innovative capacity in key technological areas, insufficient investment in basic research, and inadequate development of international markets. Drawing from China's experiences, it is suggested that Vietnam adopt similar strategies to modernize and internationalize its own industrial economy. This approach could accelerate Vietnam's industrial progress and boost its global competitiveness. However, Vietnam should adapt these strategies to its own unique context, emphasizing innovation-driven growth, high-value industries, and digital infrastructure development. By balancing state-driven industrial growth with private sector innovation, Vietnam can establish a resilient and competitive industrial base for long-term success.
Nguyen et al. (Thu,) studied this question.
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