Innovation â key to successful development 18:18 | 09/01/2021 Prime Minister Nguyen Xuan Phuc affirmed that innovation is key to successful development At the ceremony to break ground on the National Innovation Centre (NIC) and open the Vietnam International Innovation Expo today (January 9), Prime Minister Nguyen Xuan Phuc highlighted the role of innovation in the productivity, growth, and competitiveness of the country over the last 20 years. He lauded innovation as a key to the success of the socioeconomic development strategies of all countries and territories. Vietnam has set the target to become an industrial country and improve peopleâs income by 2025, the 50th anniversary of the National Reunification Day. By 2030, the 100th anniversary of the establishment of the Communist Party, Vietnam aims to be a developing country with modern industry and the status of an upper-middle-income country.