According to Vietnam’s GDP 2022 report, it stated that GDP per capita is VND 95.6 million ($4,100), which rose to 10.8% in 2021. Hence, the Vietnamese government regulates and expects to achieve an average GDP growth of 6.5-7.5% annually and raise the GDP per capita to $27,000-$32,000 within the year ranges of 2030-2050.
Minister of Planning and Investment, Nguyen Chi Dung mentioned that Vietnam will be prioritized as the North-South economic corridor covering two East-West economic corridors which are namely Lao Chi-Hanoi-Hai Phong-Quang Ninh and Moc Bai-Ho Chi Minh City-Vung Tau. Also, focusing on major industrial sectors and being prioritized as high-technology and digital transformation, along with having plans to establish regional and global financial centers. Besides that, To be achieved the VND 4,830 trillion goals for average growth of 7% needs to actuate the triple amount from the 2011-2022 period to around VND 1,500 trillion.
Nonetheless, Vu Hong Thanh, chairman of the National Assembly’s Economic Committee remarked that the intense investment plan needed for infrastructure. Meanwhile, the resources in Vietnam have still limited as well as any other influenced factors, specifically education, training, and improving public health which is relevant to be concerned and to be undertaken.
Published 11/01/2023
By Windy K.
