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Vietnam aims at raising per capita GDP to $3,900 in 2022

07 Dec '21
1 min read
Pic: Shutterstock
Pic: Shutterstock

Vietnam’s per capita gross domestic product (GDP) is expected to rise to $3,900 in 2022, according to the country’s 2022 Socio-Economic Development Plan. The country aims at a per capita GDP of $5,000 by 2025 and attaining developed status by 2045. The rate of industrial parks and processing zones with wastewater treatment systems meeting environmental standards is expected to reach 91 per cent.

The plan envisages other goals including GDP a growth rate of 6-6.5 per cent, processing and manufacturing sector accounting for 25.5-25.8 per cent of GDP, an average consumer price index growth of 4 per cent, an average growth rate of labour productivity of 5.5 per cent, and labour force in agriculture accounting for 27.5 per cent of the total social labour force, according to a Vietnamese media report.

The country expects to raise the trained labour force to 67 per cent, keep urban unemployment rate below 4 per cent, and achieve multilateral poverty reduction rate of 1-1.5 per cent.

Fibre2Fashion News Desk (DS)

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