Vietnam striving to become developed, high-income country by 2050
Vietnam targets becoming a developed, high-income country with an equal, democratic, and civilised society by 2050 under the national master plan for 2021-2030 with a vision to 2050. The country will strive for annual GDP growth of 6.5-7.5% between 2031 and 2050, along with per capita GDP of 27,000-32,000 USD and an urbanisation rate of 70-75% by 2050.
The 15th National Assembly’s 4th session approved a Resolution on the socio-economic development plan in 2023, with GDP targeted at 6.5% and per capita GDP at 4,400 USD.
Vietnam has increasingly become a burgeoning industrial hub, especially for tech and apparel, wrote an article published by India’s stattimes.com on January 14.