Hanoi, Sept. 18 -- A shift to a growth model based on science, technology, and innovation is critical for Vietnam's sustainable and high-quality growth, analysed experts at a recent international conference on drivers of Vietnam's economic growth in the new era. Dr. Le Xuan Sang, Deputy Director of the Institute of Vietnam and World Economy, noted that the country's growth has been largely driven by capital, low-cost labour, and foreign direct investment (FDI) while total factor productivity (TFP) contributes less. From 2001 to 2023, the TFP's role diminished, indicating that growth has not been truly powered by innovation or technological advancements. The economic vulnerabilities exposed by the pandemic, geopolitical conflicts, and clim...