Famous quote by Nguyen Xuan Phuc

"We need to embrace innovation and technology to drive growth and development"

About this Quote

A concise strategy for modern nation-building emerges: sustained prosperity today hinges on turning innovation and technology from buzzwords into everyday practice. Innovation is not limited to laboratories; it is a mindset of problem-solving, experimentation, and continuous improvement across government, business, and civil society. Technology is the toolkit that allows those ideas to scale, lowering costs, raising quality, and connecting people to opportunities.

For policymakers, the message is to create conditions where new ideas can take root. That means investing in education that couples STEM with creativity and ethics, funding research tied to real-world needs, and building digital infrastructure that reaches rural and urban communities alike. It also means agile regulation, sandboxes for fintech and health tech, data protection rules that inspire trust, and competition policies that prevent incumbents from stifling newcomers.

For businesses, embracing technology is about moving up the value chain: using data to understand customers, automating routine tasks while reskilling workers, integrating into global supply chains with digital standards, and collaborating with startups and universities. Small and medium enterprises benefit when digital tools make finance, logistics, and export markets more accessible.

Development is broader than GDP. Digital public services can cut red tape, curb corruption, and deliver healthcare, education, and social protection more efficiently. Inclusive growth requires closing the digital divide through affordable connectivity, devices, and skills, so that rural communities, women, and youth are not left behind. Sustainability must be central: clean energy, smart grids, precision agriculture, and resilient infrastructure reduce environmental costs while opening new industries.

There are risks, overreliance on imported technologies, cybersecurity threats, privacy concerns, and job displacement. Addressing them demands local capacity-building, strong governance, worker transition programs, and responsible AI practices.

Ultimately, embracing innovation and technology is a call to align culture, policy, and investment around learning and adaptation. Societies that make experimentation safe, reward merit, and connect ideas to markets will convert ingenuity into broad-based development and durable growth.

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About the Author

Nguyen Xuan Phuc This quote is from Nguyen Xuan Phuc somewhere between July 20, 1954 and today. He was a famous Politician from Vietnam. The author also have 19 other quotes.
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