This is part of the government’s national master plan for 2021–2030, with a vision towards 2050, submitted to the National Assembly on its second extraordinary session held in Hanoi on January 5..

Under the plan, the country's annual GDP growth is expected to be maintained at 7% during the 2021–2030 period and 6.5–7.5% in the 2031–2050 period.

By 2030, Vietnam’s average GDP per capita should reach USD7,500. The southeastern region should see the highest GDP per capita at USD14,500, and it should be followed by the Red Delta region at USD10,500.

The country’s average GDP per capita should climb to USD27,000–32,000 by 2050.

In 2022, the country’s GDP per capita was estimated at USD4,100, which is up around USD400 compared to 2021.

According to the master plan, Hanoi-Haiphong and Quang Ninh will comprise the northern locomotive zone, meanwhile, Thua Thien-Hue, Danang-Quang Nam-Quang Ngai, and HCM City-Binh Duong-Dong Nai-Ba Ria-Vung Tau will comprise the central and southern locomotive zones, respectively.

Vietnam will also focus on developing the Lao Cai-Hanoi-Haiphong-Quang Ninh and Moc Bai-HCM City-Vung Tau economic corridors by 2050.

The country will prioritise key infrastructure projects, such as the North-South express railway, to connect large economic centres.

Source: Dtinews