Vietnam targets 6-6.5% growth, $4,700-$4,730 per capita income in 2024

27 Nov '23

1 min read

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Vietnam targets 6-6.5 per cent GDP growth and a per capita income of $4,700-$4,730 next year, a National Assembly resolution noted.
The manufacturing-processing sector's contribution to the GDP is projected to hit 24.1-24.2 per cent.
A 4.8-5.3-per cent productivity growth rate is the target.
The poverty rate is set to fall by over 1 per cent next year.

Vietnam targets 6-6.5 per cent gross domestic product (GDP) growth and a per capita income of $4,700-$4,730 next year, according to a National Assembly resolution approved recently.

Assembly chairman Vuong Dinh Hue signed a decision on November 24 issuing the resolution that laid out the general socio-economic development goals for next year.

The manufacturing-processing sector’s contribution to the country’s GDP is projected to hit 24.1-24.2 per cent. A 4.8-5.3-per cent productivity growth rate is the target.

The country’s poverty rate based on multidimensional poverty standards is set to fall by over 1 per cent next year.

The government will continue to prioritise pushing economic growth associated with consolidating and maintaining macroeconomic stability, controlling inflation and ensuring major balances of the economy, a news agency reported.

It will also focus on removing institutional and policy bottlenecks, unlocking resources and solving problems to develop markets next year.

Key strategic and important national infrastructure projects are expected to be sped up next year.

Other key tasks for 2024 relate to administrative reforms, business investment climate improvement, public-private partnership and comprehensive inclusive development in culture, education, health care, social security, defense, anti-corruption, external affairs and international integration.

Fibre2Fashion News Desk (DS)

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