HCMC – The Vietnamese Government has set a target of achieving gross domestic product (GDP) per capita of US$7,500 by 2030, equivalent to VND190 million at the current exchange rate.
On July 22, the Government issued a resolution outlining an action plan to execute Resolution No. 29 of the 13th Party Central Committee, which focuses on advancing the country’s industrialization and modernization through 2030, with a vision to 2045.
Specific targets for 2030 have been established, including an average annual GDP growth rate of around 7%, GDP per capita of about US$7,500, and reducing the proportion of agricultural labor in the total workforce to below 20%.
The Government aims for Vietnam to be among the top three ASEAN countries in industrial competitiveness.
Other targets include the industrial sector contributing more than 40% of GDP; the manufacturing and processing sector accounting for 30% of GDP; and the services sector making up over 50% of GDP.
The Government also aims to develop several large-scale, multinational domestic industrial groups and companies with international competitiveness.
According to the World Bank, GDP per capita provides a fundamental measure of economic output per person and serves as an indirect indicator of average income. GDP growth and per capita GDP are widely used metrics for assessing economic growth.
Data from the General Statistics Office showed that Vietnam’s GDP per capita in 2023 at current prices was estimated to reach VND101.9 million, equivalent to US$4,284.5, an increase of US$160 against 2022.
