BY 2030, STRIVE TO REACH THE GDP GROWTH RATE OF ABOUT 7% ON AVERAGE
On March 31, 2022, the Prime Minister issues the Decision No. 412/QD-TTg approving the Scheme on national credit rating improvement through 2030.
Specifically, a number of objectives of the Scheme shall be as follows: By 2030, to strive that the gross domestic product (GDP) growth rate will be about 7% on average for the whole period; Per-capita GDP at current price will reach around USD 7,500 by 2030; The total social investment will account for 33-35% of the GDP on average.
Additionally, striving for the target that the state budget deficit by 2030 will be about 3% of the GDP; public debts and government debts will not exceed 60% and 50% of the GDP, respectively. The capital adequacy ratio of commercial banks in the 2021-2025 period will reach 11-12% and maintained at 12% or higher by 2030. The forest coverage rate will be kept at 42%; the rate of treatment and reuse of water discharged into the environment in river basins will surpass 70%; greenhouse gas emissions will be reduced by 9%; etc.
To achieve the above-mentioned targets, it is required to continue to improve and raise the quality of socialist-oriented market economy institutions; thoroughly tap advantages of trade agreements; raise the productivity and quality of human resources through education and training; optimize the capacity of young workers to meet requirements of the Fourth Industrial Revolution and international integration; etc.
This Decision takes effect on the date of its signing.
