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