Vietnam's GDP per capita to reach over $7,500 by 2030

On December 21, as expected, the National Assembly Standing Committee will address the Master Plan as part of the 18th session (phase 2).

Deputy Minister of Planning and Investment Tran Quoc Phuong listed the 10 key components of the Master Plan while presenting the Government's report on the planning.

According to the master plan, economic growth should aim for an average GDP growth rate of approximately 7%/year between 2021 and 2030, with the Southeast area seeing an increase of about 8.5%/year, and the Red River Delta experiencing a growth rate of about 9%/year. 

The Master Plan defines the vision for 2050: being a wealthy, developed nation with a just, democratic, and civilized culture. synchronized and modern infrastructural system. 

Areas that grow harmoniously and sustainably while efficiently using strengths and potentials. The smart urban system, contemporary, distinctive, and green Promote the nation's noble principles and preserves its cultural character. 

An environment of high quality, a society that coexists peacefully with nature, efficient growth of the circular economy, a green economy, and minimal carbon emissions.

Plan for a 6.5-7.5%/year GDP growth rate between 2031 and 2050. By 2050, the GDP per capita at current prices will be between 27,000 and 32,000 USD. 

Urbanization will reach 70–75 % by 2050. High human development index, cheerful people, and securely assured national defense and security

Source: SGGP Online