Some indicators to promote industrialization and modernization of Vietnam by 2030, vision to 2045

15:30, 25/07/2024

The Government of Vietnam has issued Resolution 111/ND-CP in 2024, which outlines some indicators to promote industrialization and modernization of Vietnam by 2030, vision to 2045

Some Indicators to Promote Industrialization and Modernization of the Country by 2030, Vision to 2045

Some indicators to promote industrialization and modernization of Vietnam by 2030, vision to 2045 (Internet image)

On July 22, 2024, the Government of Vietnam issued Resolution 111/NQ-CP regarding the Action Program to implement Resolution 29-NQ/TW of 2022 on continuing to promote industrialization and modernization of the country by 2030, vision to 2045.

Some indicators to promote industrialization and modernization of Vietnam by 2030, vision to 2045

According to Annex I attached to the Program under Resolution 111/NQ-CP of 2024, the following indicators have been set:

No	INDICATOR	PLAN FOR THE PERIOD 2023 - 2030	LEADING AGENCY FOR MONITORING, EVALUATION, AND REPORTING	REPORTING PERIOD
1	Average GDP growth rate	7.0% per year	Ministry of Planning and Investment	Annually, mid-term, 5 years
2	GDP per capita at current prices	Around 7,500 USD	Ministry of Planning and Investment	Annually, mid-term, 5 years
3	GNI per capita at current prices	> 7,000 USD	Ministry of Planning and Investment	Annually, mid-term, 5 years
4	Proportion of total factor productivity (TFP) contribution to overall growth rate	> 50% GDP	Ministry of Planning and Investment	Mid-term, 5 years
5	Global Innovation Index (GII) in the top group	Top 40 countries in the world	Ministry of Science and Technology	Annually, periodically report
6	Proportion of agricultural labor in total social labor	< 20%	Ministry of Labor, Invalids and Social Affairs	Annually, mid-term, 5 years
7	Proportion of trained labor with degrees/certificates	35 - 40%	Ministry of Labor, Invalids and Social Affairs	Annually, mid-term, 5 years
8	Proportion of labor with IT skills	> 90%	Ministry of Labor, Invalids and Social Affairs	Annually, mid-term, 5 years
9	Proportion of people aged 15 and above with basic IT skills	> 80%	Ministry of Planning and Investment	Annually, mid-term, 5 years
10	Rate of university students per ten thousand people	260 students/ten thousand people	Ministry of Education and Training	Annually, mid-term, 5 years
11	Competitiveness of the industrial sector regarding industrial competitiveness	Top 3 leading countries in ASEAN	Ministry of Industry and Trade	Annually, mid-term, 5 years
12	Proportion of industry value added in GDP	> 40% GDP	Ministry of Industry and Trade	Annually, mid-term, 5 years
13	Proportion of manufacturing industry value added in GDP	Around 30% GDP	Ministry of Industry and Trade	Annually, mid-term, 5 years
14	Proportion of high-tech industrial product value in manufacturing sectors	> 45%	Ministry of Industry and Trade	Annually, mid-term, 5 years
15	Average manufacturing industry value added per capita	> 2,000 USD	Ministry of Industry and Trade	Annually, mid-term, 5 years
16	Proportion of service sector value added in GDP	> 50% GDP	Ministry of Planning and Investment	Annually, mid-term, 5 years
17	Proportion of tourism sector value added in GDP	14 - 15% GDP	Ministry of Culture, Sports and Tourism	Annually, mid-term, 5 years
18	Proportion of digital economy value added in total national product	Around 30% GDP	Ministry of Planning and Investment	Annually, mid-term, 5 years
19	E-Government of Vietnam, digital economy	- Top 50 leading countries in the world - Third place in ASEAN	Ministry of Information and Communications	Annually, mid-term, 5 years
20	Urbanization rate	> 50%	Ministry of Construction	Annually, mid-term, 5 years
21	Indicators on efficient use of resources (land, water, minerals), reuse, recycling of waste	Equivalent to leading ASEAN countries	Ministry of Natural Resources and Environment	Annually, mid-term, 5 years
22	Environmental Performance Index (EPI)	> 55	Ministry of Natural Resources and Environment	Annually, mid-term, 5 years
23	Human Development Index (HDI)	> 0.7	Ministry of Planning and Investment	Annually, mid-term, 5 years

More details can be found in Resolution 111/NQ-CP which comes into force in Vietnam from July 22, 2024.

Le Nguyen Anh Hao

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