31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Trade - Service
Vietnam's master plan needs to stay in line with 2045 development goals: WB
Ngoc Mai 15:10, 2022/08/17
The key challenge is to link the national master plan with those of economic sectors, fields, and provinces/cities

The main objective of Vietnam’s national master plan should be in line with the country’s development goals until 2045, which is to become a high-income country.

 Le Van Luong Street, Hanoi. Photo: Pham Hung

World Bank’s Managing Director of the Growth Dialogue Danny Leipziger stressed the view in a meeting with Vice Chairman of the National Assembly Nguyen Duc Hai in Hanoi on August 16.

According to Leipziger, a major challenge for Vietnam during the drafting of the master plan is to ensure its compatibility with other plans and regulations, along with sufficient financial resources for the implementation.

In this regard, Leipziger added that the key challenge is to link the national master plan with those of economic sectors, fields, and provinces/cities, while the Government has not identified financial sources to draft the planning and the subsequent implementation.

Leipziger noted the World Bank stands ready to work with the National Assembly and other Government agencies in solving these issues.

He suggested the Government integrate indicators assessing the implementation of the planning, collect information throughout the process, and authorize supervisory bodies to solve any issues that may emerge.

For his part, Vice Chairman Nguyen Duc Hai highlighted the close cooperation between the National Assembly and the World Bank.

“The National Assembly would continue to cooperate with the World Bank and other partners in addressing issues of mutual interests,” Hai said.

He shared Leipziger’s view that planning is a complicated and difficult process.

Given the huge work volume ahead, Hai called for both sides to continue working on pushing for the completion of the master plan.

At the meeting, Hai noted the National Assembly plans to hold a socio-economic forum in 2022 and invited World Bank’s representative to attend.

As one of Vietnam’s major development partners, Hai expected the World Bank to give a detailed outlook on Vietnam’s economic prospects, as well as its challenges amid growing global uncertainties.

The master plan forecast Vietnam would have a population of 105 million by 2030, and 115 million by 2050. The average GDP growth would reach 7% per annum during the 2021-2030 period, and 6.5-7.5% in 2031-2050.

In addition, the GDP per capita would be around US$7,500 and 27,000-32,000 by 2050; the rate of people living in urban cities by 2030 would be 50%, and 70-80% by 2050.

By 2030, Vietnam would have 5,000 kilometers of expressways, and this number would be elevated to 9,000   by 2050.

RELATED NEWS
TAG: vietnam development goals vietnam 2045 vietnam master plans
Other news
14:35, 2022/35/27
Vietnam among fastest growing economies in East Asia – Pacific region: WB
The GDP growth would rebound to 7.2% in 2022 and moderate to 6.7% in 2023.
16:58, 2022/58/26
Trade ministry eyes Vietnam’s exports to end 2022 on a high note
A diversified network of free trade agreements (FTAs) that Vietnam is a part of serves as a significant boost for the country's exports.
10:50, 2022/50/26
[Infographic] Hanoi ranks second in Vietnam 2022 e-Business Index
Hanoi remained second in the Vietnam 2022 e-Business Index with a score of 85.9, up 30.2 compared to 2021, according to the Vietnam e-Commerce Association (VECOM).
18:21, 2022/21/23
US businesses eye digitalization, energy transition in Vietnam
They share the view that Vietnam remains among the most attractive market in Southeast Asia for those looking for stability and diversification of supply chains.
14:28, 2022/28/22
Hanoi OCOP fair to improve brand recognition
Different stakeholders joining the week-long exhibition are expected to strengthen linkages in the value chain and consumption of the One Commune One Product (OCOP) products.
13:47, 2022/47/21
Vietnam’s strong economic fundamentals drive favorable outlook: ADB
Vietnam’s economy recovered faster than expected in the first half of 2022 and continues to grow amid the challenging global environment.