2010 target per income Vietnam US$2100

The Ministry of Planning and Investment is targeting an average income of US$2,100 per person a year by 2015, nearly double that of the 2010 target.
This was revealed last week at an international conference on the nation’s socio-economic development plans for the 2011-15 period.

Viet Nam’s per capita income has recently risen to $1,200. This is expected to improve further next year, moving the nation from the ranks of developing countries to the group of average income countries.

Over the next five years, the ministry targets an annual GDP growth of 7-8 per cent, along with a reduction of 2 per cent per year in the poverty rate and budget deficit maintained at 5.1 per cent of GDP.

Accordingly, national GDP will reach VND4,170 trillion ($200 billion) by 2015, 18-19 per cent of which will be contributed by agriculture, forestry and aquaculture sectors; 40-41 per cent by industry and construction and 40-41 per cent by the services sector.

Inflation of 2015 will be kept under a safe threshold, and labour productivity will increase 1.5 per cent over 2010.

Deputy Minister of Planning and Investment Cao Viet Sinh said over the next five years, Viet Nam will focus on developing human resources, building infrastructure, and implementing administrative reforms towards making a major breakthrough in socio-economic development.

VietNamNet/Viet Nam News