Renovating the growth model, and accelerating industrialization and modernization are essential contents of Vietnam's economic development strategy. In recent years, this task has achieved significant results, the growth model has changed sharply from breadth to depth, financial restructuring has been actively implemented, industrialization and modernization have been carried out nationalization have been promoted. However, compared with the requirements set out, this process is still slow and has not met the requirements. To contribute to understanding this requires Vietnam to renew its growth model, and switch to a new, quality, and sustainable growth model. The article clarifies the theory of historical economic growth models with methods of analysis, synthesis, and comparison. The research results are used for discussion in policy-making to renew the economic growth model in Vietnam today.