PER-CAPITA GDP WILL REACH AROUND VND 53 MILLION (USD 2,500) BY 2015 IN THE CENTRAL VIETNAM’S NORTHERN AND COASTAL REGION
This is one of the important target in the master plan on socio-economic development of the Central Vietnam’s northern and coastal region through 2020 and approved by the Prime Minister in Decision No. 1114/QD-TTg dated July 9, 2013.
Accordingly, in order to build the region into the one which will develop in a dynamic, rapid and sustainable manner, the Master plan targets on the region’s GDP in 2020 will be around 2.2 times the figure in 2010, per-capita GDP will reach around VND 53 million (USD 2,500) by 2020, equal to around 76% of the country’s per-capita GDP; the economic growth rate will reach 7.5%/year during 2011- 2015 and 9%/year during 2016-2020.
According to the Master plan, the economic structure of the region will move towards intensive development, focusing on tapping comparative advantages of the region; the proportions of industries and services in GDP will increase from 35.7% and 37.2% in 2010 to 38.6% and 38.1% by 2015 and 41.9% and 39.9% by 2020, respectively; the proportion of agriculture in GDP will decrease from27.1 % in 2010 to 23.2% by 2015 and 18.2% by 2020; the rate of agricultural labor in the total workforce will drop to around 32% by 2020.
Besides, the Master Plan also directs to the socio- cultural development of the region, the population will be around 20 million by 2015 and around 21.2 million by 2020; reaching preschool education universalization standards for 5-year children; 95% of children in eligible age will go to primary schools; 100% of primary schools will satisfy national standards; simultaneously, creating jobs for around 400,000 people (including around 180,000 during 2011-2015 and around 220,000 during 2016-2020).
This Decision takes effect on the date of its signing.
