GDP per capita by 2030 reaching about 7,500 USD is the target set out in Decision 412/QD-TTg approving the National Credit Rating Improvement Project to 2030.
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GDP per capita by 2030 will reach about 7,500 USD (Artwork)
Specifically, the specific objectives of the Project are as follows:
- By 2030, achieve a credit rating of Baa3 (for Moody's) or BBB- (for S&P and Fitch) or higher.
- Key macroeconomic indicators:
+ The average growth rate of gross domestic product (GDP) for the whole period is about 7%/year;
+ GDP per capita at current prices by 2030 will reach about 7,500 USD ; total social investment averaged 33-35% of GDP.
- Fiscal targets:
+ Control the state budget overspending approved by the National Assembly in the annual state budget estimate and the 5-year national financial plan, striving for the state budget deficit to be about 3% of GDP by 2030;
+ Public debt does not exceed 60% of GDP, government debt does not exceed 50% of GDP.
- Indicators in the monetary and banking sector:
+ The minimum capital adequacy ratio of commercial banks in the 2021-2025 period will reach 11-12%; by 2030 maintain at least 12%;
+ The ratio of equity to risky assets of the banking sector is at least 9%;
+ Maintain foreign exchange reserves equivalent to a minimum of 16 weeks of imports.
- Key social indicators: The Human Development Index (HDI) remained above 0.7.
- Main environmental indicators:
+ The forest cover rate is stable at 42%;
+ Rate of treatment and reuse of wastewater into the river basin environment reaches over 70%;
+ 9% reduction in greenhouse gas emissions.
Decision 412/QD-TTg takes effect from March 31, 2022.
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