Want to be in the loop?
subscribe to
our notification
Business News
VIETNAM RAISES 2030 GDP PER CAPITA TARGET TO US$8,500
A view of downtown HCMC - PHOTO: DAT THANH
HCMC – The Government has approved adjustments to the national master plan for 2021-2030, lifting the GDP per capita target for 2030 from US$7,500 to US$8,500 under Resolution No. 306/NQ-CP.
The revised plan envisions Vietnam becoming an upper-middle-income country with a modern industrial base by 2030. It aims for average annual GDP growth of over 8% during 2021-2030, compared to 7% in the previous plan.
Science, technology, innovation, and digital transformation are identified as key growth drivers. The plan prioritizes the development of major economic corridors such as the North-South axis, Lao Cai–Hanoi–Haiphong–Quang Ninh, and Moc Bai–HCMC–Bien Hoa–Vung Tau, anchored by Hanoi and HCMC as two growth poles.
The digital economy is projected to contribute around 30% of GDP. The population is expected to reach 105 million, with life expectancy at 75.5 years and the Human Development Index (HDI) at 0.78 by 2030.
Vietnam also targets having at least eight universities among Asia’s top 200 and one among the world’s top 100 in certain fields, while improving healthcare and cultural infrastructure nationwide.
Source: The Saigon Times
Related News
MEMBER CORNER / PROMOTIONS
KNIC ENGAGES WITH GOVERNMENT AND HIGH-TECH BUSINESS COMMUNITIES IN CHINA
From Beijing to Shandong, KN Holdings and KN Industrial City are continuing to expand their engagement with government authorities, trade promotion organizations, and high-tech business communities in China. In Beijing, the delegation met with the Center for International Economic and Technological Cooperation under the Ministry of Industry and Information Technology (MIIT), exchanging perspectives on industrial and technology cooperation between the two markets.
VIETNAM ECONOMY INVESTMENT
VIETNAM’S TRADE TOPS $825 BILLION BY MID-SEPTEMBER
Figures released on September 21 showed goods trade reached nearly $55 billion in the first 15 days of September alone, bringing cumulative turnover since the beginning of the year to more than $825 billion. The strong growth reflects robust trade flows, with demand for consumer goods and production inputs remaining high.
TECHNOLOGY
VIỆT NAM'S BUSINESSES MOVE TOWARDS AI AGENTS
Việt Nam’s AI landscape is entering a new phase as businesses move beyond generative AI (GenAI) tools designed to assist human users towards autonomous AI, agentic AI and AI agents that can take action with limited supervision, experts have said. The shift comes as Việt Nam seeks to accelerate science and technology, innovation and digital transformation under Politburo Resolution 57-NQ/TW, issued on December 22, 2024.
GARMENT / TEXTILE
VIỆT NAM TARGETS $48 BILLION IN TEXTILE-GARMENT EXPORTS
Việt Nam’s textile and garment industry is facing both opportunities and challenges amid complex and unpredictable developments in the global market, prompting businesses to improve growth quality, optimise production costs and enhance adaptability in pursuit of an export turnover of about $48 billion this year. The target is considered an important milestone that requires concerted efforts from management agencies and the business community.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
CUTTING LOGISTICS COSTS KEY TO BOOSTING EXPORTS
Reducing costs has become an increasingly urgent priority for import-export activities, particularly logistics costs, a conference in Hà Nội was told on Tuesday. According to Deputy General Director of the Ministry of Industry and Trade's Agency for Foreign Trade, Trần Thanh Hải, import-export activities has remained a bright spot for the economy in recent years, playing an important role and helping drive macroeconomic growth.
LEGAL UPDATE / POLICY
FLEXIBLE FISCAL POLICY HELPS DRIVE ECONOMIC GROWTH
Việt Nam’s fiscal policy has been implemented in a targeted expansionary manner since early 2026, helping maintain macroeconomic stability and supporting the country’s goal of achieving double-digit economic growth. According to the Ministry of Finance, State budget revenue in the first eight months of 2026 was estimated at VNĐ2.02 quadrillion (US$77.7 billion), equivalent to 80 per cent of the annual estimate and up 16 per cent year-on-year.
Events Sponsors
