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VN aims for 2025 GDP per capita of $5K

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Party delegates vote to adopt the Resolution of the 13th National Party Congress at the final session of the Congress held on February 1. VIETNAM NEWS AGENCY/VIET NAM NEWS

VN aims for 2025 GDP per capita of $5K

The Communist Party of Vietnam (CPV) is aiming for Vietnam to reach gross domestic product (GDP) per capita of $5,000 by 2025 and to be a developed country by 2045.

The goals are part of the Resolution of the 13th National CPV Congress held from January 25 to February 1, the entirety of which has just been released by the Office of the Party Central Committee.

The Resolution noted the highlight of the 12th tenure was the successful handling of the Covid-19 pandemic resulting in significant economic achievements – including stable macroeconomics, controlled inflation and high GDP growth, while people’s living standards were improved.

The fight against corruption, loss and waste was intensified, while the socio-political situation remained stable, foreign relations deepened and Vietnam’s profile on the international stage grew.

However, numerous shortcomings – including slow modernisation and industrialisation, shifting in the growth model, limited competitiveness and quality and productivity of the economy, inadequate adaptation to climate change and environment protection demands, drawbacks in building the CPV and rectification, that science and technology has not been the driving engine of socio-economic growth and the lives of certain groups of people remain difficult – of the 12th tenure have been identified in the Resolution.

The achievements of 35 years of implementation of doi moi (Reform), 30 years of implementing the 1991 CPV Platform and in the 10 years of implementing the 2011 Revised CPV Platform have proven that the country’s path towards socialism is consistent with Vietnam’s practical situation and the times’ development trends, with the party’s righteous leadership the leading factor in Vietnam’s revolutionary victories, the Resolution reads.

Amid rapidly shifting and complex developments in the global scene, the CPV Platform continues to serve as the ideological flag to gather the collective strength of united peoples for the goal of a “prosperous-people, strong-nation, democratic, equitable, and civilised” Vietnam.

In the coming years, the challenges and opportunities of a complicated world demand the entire CPV and Vietnamese people to “unite” and continue to have major changes in mindset and make correct and timely forecasts of the situation to prepare and deal with any circumstance, to “bring the country forward on the path of rapid, sustainable development” and the attainment of many orientations, goals, and tasks.

The Resolution lists major guiding orientations of the years forward, including “persistent and innovative” implementation of Marxist-Leninism and Ho Chi Minh ideology, persistent pursuit of socialism and independence and upholding national interests based on the principles of the UN’s Charter and international law and the spirit of equal and win-win cooperation, with national defence and security in mind.

It also aims to enhance patriotism, the spirit of resilience, national unity and people’s aspirations to develop a prosperous and happy nation, promoting socialist democracy, enhancing the quality of human resources and promoting innovation and science and technology – especially the achievements of the Fourth Industrial Revolution – in service of the country’s sustainable and rapid development.

In addition, party building and governance are goals, working towards a streamlined and effective system for the CPV with quality cadres and civil servants.

The “general objectives” are identified as improving the CPV’s leadership and ruling capacity; building a pure, strong and comprehensive party and political system; consolidating and raising people’s confidence in the party, state and socialist regime; and fomenting aspirations to develop a prosperous and happy country.

The other objectives are promoting the will and strength of national solidarity; promoting comprehensive and synchronous doi moi (reforms), industrialisation and modernisation; building and firmly defending the fatherland, maintaining a peaceful and stable environment; and striving to become a developed country with socialist orientations by the middle of the 21st century.

The “particular objectives” are set on Vietnam becoming a developed nation with a modern industrial base and leaving the ranks of lower-middle-income countries by 2025 – the year marking the 50th anniversary of the liberation of the south and national reunification.

By 2030, when the CPV celebrates its 100th founding anniversary, Vietnam is hoped to become a developing country with a modern industrial base and upper-middle incomes.

By 2045, the 100th anniversary of the establishment of the Democratic Republic of Vietnam, now the Socialist Republic of Vietnam, the country is hoped to become a developed, industrialised nation with high income.

In 2021-2025, the Resolution sets a target for average GDP growth of 6.5-to-seven per cent, GDP per capita by 2025 reaching $4,700-5,000, the contributions of total factor productivity (TFP) in economic growth reaching 45 per cent, the labour productivity increase hitting 6.5 per cent a year, urbanisation reaching 45 per cent, the ratio of processing and manufacturing industries in the GDP exceeding 25 per cent, and the digital economy accounting for 20 per cent of the country’s GDP.

In this time frame, the Resolution aims for agricultural labour ratio staying at 25 per cent, the ratio of trained labour reaching 70 per cent, urban unemployment kept at below four per cent, the rate of multidimensional poverty maintaining a decrease of one-to-1.5 per cent year-on-year.

The Resolution also aims for 10 doctors and 30 hospital beds for every 10,000 people, and strives towards 95 per cent of the Vietnamese population being covered under the state’s health insurance, life expectancy reaching 74.5 years, and the ratio of communes obtaining new rural standards reaching at least 80 per cent, including 10 per cent meeting the requirements of exemplary new rural standards.

In terms of environment, by 2025, the goals are to have 95-100 per cent of the urban population and 93-95 per cent of rural population having access to clean and hygienic water, 90 per cent of urban waste properly collected and treated, 92 per cent of active industrial-processing zones outfitted with proper wastewater treatment facilities; 100 per cent of all businesses polluting the environment punished; and upholding the national forest coverage at 42 per cent.

VIET NAM NEWS/ASIA NEWS NETWORK

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