Vietnam to become developed nation with high income by 2050
Vietnam is striving to become a developed nation with high income, full and harmonious socialist-oriented market economy institutions, and a fair, democratic and civilised society by 2050, according to the National Master Plan for the 2021-2030 period with a vision to 2050.
Hanoi (VNA) – Vietnam is striving to become a developed nation withhigh income, full and harmonious socialist-oriented market economyinstitutions, and a fair, democratic and civilised society by 2050, accordingto the National Master Plan for the 2021-2030 period with a vision to 2050.
National Assembly Chairman Vuong Dinh Hue recentlysigned to promulgate Resolution No.81 on the master plan.
The country's GDP growth is expected to reach 7% per yearduring the 2021-2030 period and 6.5-7.5% annually in the 2031-2050 phase.
The GDP per capita in current price equivalent is projected toincrease to 7,500 USD by 2030 and 27,000-32,000 USD by 2050.
Illustrative image (Photo: VNA)
The plan also aims to raise the proportion of urbanisationto over 50% by 2030 and 70-75% by 2050. The digital economy will account for30% of the GDP by 2030.
During 2021-2030, Vietnam will focus on inclusive, rapid andsustainable development based on science-technology, innovation, digital andgreen transformation and circular economic development.
By 2030, the service sector will make up 50% of theGDP, and industry-construction and agriculture, forestry, and fishing sector, 40% and 10%, respectively. The share of Total FactorProductivity (TFP) in the economic development will reach 50%./.
The National Assembly Standing Committee offered opinions on the National Master Plan for the 2021-2030 period with a vision to 2050 during the ongoing 18th session in Hanoi on December 21.
Minister of Planning and Investment Nguyen Chi Dung presented a report on the National Master Plan for the 2021-2030 period with a vision to 2050, following the opening of the 15th National Assembly’s second extraordinary meeting in Hanoi on January 5.
Many legislators voiced support for the National Assembly (NA)'s issuance of a resolution on the national master plan for 2021-2030, with a vision to 2050, while discussing the plan at the parliament’s ongoing second extraordinary session on January 7.
With 449 approval out of the total of 489 votes, lawmakers approved a Resolution on National Master Plan for the 2021-2030 period with a vision to 2050, during the National Assembly's second extraordinary meeting in Hanoi on January 9.
Over the recent past, many Swiss universities have established connections with Vietnamese higher education institutions. The European country has provided scholarships for Vietnamese students to complete master's and doctoral programmes in Vietnam, helping foster educational development while strengthening the bilateral relations.
He acknowledged that the indictment from the Supreme People's Procuracy, which charged him with three offences - violating accounting regulations, causing serious consequences; violating bidding regulations, causing serious consequences; and giving bribes – is accurate, fair, and correct.
The court dropped Quyet's three-year term for market manipulation and cut his 18-year sentence for fraud to seven years. He was also fined 4 billion VND (153,000 USD) for stock manipulation.
Professor Wong Kam-fai of the Chinese University of Hong Kong and a member of the Legislative Council of Hong Kong, praised Vietnam’s recent progress in science and technology. He highlighted Vietnam’s growing investment in innovation, particularly in artificial intelligence, environmental protection, and smart cities, which paves the way for deeper partnerships with Hong Kong.
The syndicate ran two major branches headquartered in Myanmar and the Philippines, with each branch managed by a Vietnamese national and operated with the structure of a formal enterprise.
A ceremonial ringing of bells and drums will be conducted on July 1 that marks the official start of operations of newly-established localities following mergersand the implementation of a two-tier local government model across the country. It is to pray for national peace, solidarity, and prosperity.
The Vietnam Family Day, celebrated annally on June 28, aims to raise awareness among authorities at all levels and the wider society about the vital role of the family in national development, especially in this era of national advancement.
True friendship among nations must rest on a foundation of mutual respect, genuine understanding, and accurate perceptions. To this end, public information and outreach efforts must be broad-based and coordinated across various ministries, sectors, and organisations in both countries, an expert has said.
The new Law on Teachers will help attract and retain qualified educators, especially in the most disadvantaged and remote areas where access to quality education is most critical. Just as importantly, it helps create an enabling environment where teachers can be motivated, continue to learn, transform themselves, and lead as lifelong learners and agents of change.
According to a report from the MPS, Vietnam currently manages over 400,000 individuals linked to drug use or post-rehabilitation oversight, or 0.4% of the country’s population, posing risks to social security and order.
Electricity from Vietnam’s national grid has flowed through the Le Thanh International Border Gate in Gia Lai’s Duc Co district into Ratanakiri, effectively supporting the local population’s economic activities and daily needs.
Despite realising that he had been scammed, the tourist still paid the fare, took a photo of the license plate as evidence and sent a report to the authorities.
Through personal relationships or professional dealings, Chairman of Phuc Son Group Nguyen Van Hau gave a total of over 130 billion VND to local leaders in Vinh Phuc and Quang Ngai provinces. These officials used their positions to execute tasks as requested by Hau, enabling him and Phuc Son Group, as well as Thang Long company, to carry out projects, participate in tenders, and win contracts.
Total tourism revenue is projected to reach 280 trillion VND (10.7 billion USD), with hotel occupancy rates averaging 68% and the sector’s contribution to the city’s gross regional domestic product (GRDP) estimated at 7–7.5%.
Amid complex developments in the region, the Vietnamese Embassy in Israel continues to advise Vietnamese citizens who remain in the conflict zone to stay calm, maintain regular contact with the embassy, and strictly follow instructions and warnings from local authorities, the Ministry of Foreign Affairs (MoFA), and the embassy.
Van Don-Mong Cai expressway (Photo: VNA) 
Illustrative image (Photo: VNA) 
