Vietnam has set an ambitious target for its private sector to contribute 55-60% of the country’s GDP by 2030. The plan emphasizes rapid, sustainable, and high-quality economic growth, aiming to unlock all productive forces and resources for socio-economic development. It seeks to eliminate outdated perceptions about the private sector and recognize entrepreneurs as key contributors to the national economy.
The strategy includes fostering innovation, improving policies, and ensuring equal competition for private businesses. By 2030, Vietnam aims to have around 25,000 active companies in the city, with an annual growth rate of 15% for the private sector. The plan also targets job creation for 84-85% of the workforce and increased labor productivity. Currently, the private sector comprises nearly 11,500 companies, contributing significantly to innovation and competitiveness.
— new from Vietnam.vn