Tran Hong Quang, Director of the Vietnam Institute for Development Strategies, speaks at the forum (Photo: vneconomy.vn) At the VietnamEconomic Scenario Forum in Ho Chi Minh City on January 11, the experts said Vietnam has mapped out asocio-economic development strategy for 2021-2025. Vietnam aims to become a developingcountry with a modernity-oriented industry by 2025 and a developing nation witha modern industry and high middle income five years later.
Tran Hong Quang,Director of the Vietnam Institute for Development Strategies under the Ministryof Planning and Investment, said the country’s GDP growth rate is projected atabout 7 percent annually in the 2021-2030 period. Its GDP per capitais set at 4,700-5,000 USD in 2025, and around 7,500 USD in 2030, he added.
To that end, Vietnamshould boost key economic sectors that would serve as the driver of thenational economy, and complete the restructuring of State-owned enterprises, hesuggested.
The country needsto swiftly complete the infrastructure system, particularly in transport,energy, IT, major urban areas, and climate change response, according to Quang.
Other expertssuggested enhancing the private economic sector in terms of volume, quality,efficiency and sustainability, making them become an engine of the nationaleconomy.
Some said the selectionof foreign investments would help Vietnam attract projects with hightechnologies, modern governance and connected with the global supply chains.
Nguyen Xuan Thanh,a member of the Prime Minister’s Economic Advisory Group, held that thenational economy will be driven by the domestic market, private investments andexports to the EU and ASEAN this year.
Pham Thanh Ha, Director of the central bank's Monetary Policy Department, speaks at the forum. (Photo: vneconomy.vn) Andy Ho, Managing Director and Chief Investment Officer of VinaCapital, said Vietnam’s enhanced prestige in theinternational arena has helped to lure foreign investment to the country./.
VNA
