Both Vietnam and Indonesia have ambitious plans to get rid of the status of emerging low- and middle-income countries and reach the status of developed countries by 2045.
In Vietnam, the transition from a centrally planned economy to a market economy has transformed the country from one of the poorest countries in the world to one of the fastest-growing economies in the world. The nominal per capita gross domestic product (GDP) will range from US$2,786 in 2020 to US$3,900 in 2022, and then reach US$5,000 in 2025, as the basis for achieving developed status by 2045.
The plan envisages other goals, including an annual GDP growth rate of between 6% and 6.5%, and the processing and manufacturing sectors account for approximately 26% of GDP.
The state further hopes to increase the trained labor force to 67% of the total labor force, keep the urban unemployment rate below 4%, and increase labor productivity at an average annual rate of 5.5%. The annual poverty reduction rate is set between 1% and 1.5%.
Six clear goals for Indonesia
In the case of Indonesia, it has set six goals to turn the country into a developed country by 2045.
Indonesian Finance Minister Sri Mulyani revealed the plan on December 10, and said that it will include improvements in infrastructure, human resource quality, technology, government management, regional spatial planning, and economic and financial resources.
Muliani said that in terms of infrastructure, Indonesia needs to build appropriate infrastructure, from infrastructure such as sanitation and water supply to infrastructure that establishes connectivity and supports mobility and productivity.
Improved skills, wider healthcare services and social protection
She added that in terms of human resources, the Indonesian government’s goal is to develop the workforce, ensure that they have access to education, medical facilities and social security, and create productive, healthy and creative human resources for the country.
Muliani said that the government must be able to ensure that the procurement of technological innovations that play an important role in meeting industry challenges in the future, and pointed out that the government needs to further improve the quality of administrative services and the efficiency of business processes, while maintaining a “healthy state.” Income and expenditure levels. “
Most importantly, to become a developed country by 2045, Indonesia must strive to maintain the positive levels it achieved before the COVID-19 pandemic, such as stable economic growth, low unemployment and shrinking poverty rates. Liani said.
The impressive skyline of Ho Chi Minh City Both Vietnam and Indonesia have ambitious plans to get rid of the emerging low-middle income status of developing countries and reach the status of developed countries by 2045. To transform the world’s poorest country into one of the fastest-growing economies in the world, the new 2022 socio-economic development plan sets the goal to change the country’s nominal per capita gross domestic product (GDP) from US$2,786 in 2020 Increase to 3,900 USD in 2022, and then…
Both Vietnam and Indonesia have ambitious plans to get rid of the status of emerging low- and middle-income countries and reach the status of developed countries by 2045.
In Vietnam, the transition from a centrally planned economy to a market economy has transformed the country from one of the poorest countries in the world to one of the fastest-growing economies in the world. The nominal per capita gross domestic product (GDP) will range from US$2,786 in 2020 to US$3,900 in 2022, and then reach US$5,000 in 2025, as the basis for achieving developed status by 2045.
The plan envisages other goals, including an annual GDP growth rate of between 6% and 6.5%, and the processing and manufacturing sectors account for approximately 26% of GDP.
The state further hopes to increase the trained labor force to 67% of the total labor force, keep the urban unemployment rate below 4%, and increase labor productivity at an average annual rate of 5.5%. The annual poverty reduction rate is set between 1% and 1.5%.
Six clear goals for Indonesia
In the case of Indonesia, it has set six goals to turn the country into a developed country by 2045.
Indonesian Finance Minister Sri Mulyani revealed the plan on December 10, and said that it will include improvements in infrastructure, human resource quality, technology, government management, regional spatial planning, and economic and financial resources.
Muliani said that in terms of infrastructure, Indonesia needs to build appropriate infrastructure, from infrastructure such as sanitation and water supply to infrastructure that establishes connectivity and supports mobility and productivity.
Improved skills, wider healthcare services and social protection
She added that in terms of human resources, the Indonesian government’s goal is to develop the workforce, ensure that they have access to education, medical facilities and social security, and create productive, healthy and creative human resources for the country.
Muliani said that the government must be able to ensure that the procurement of technological innovations that play an important role in meeting industry challenges in the future, and pointed out that the government needs to further improve the quality of administrative services and the efficiency of business processes, while maintaining a “healthy state.” Income and expenditure levels. “
Most importantly, to become a developed country by 2045, Indonesia must strive to maintain the positive levels it achieved before the COVID-19 pandemic, such as stable economic growth, low unemployment and shrinking poverty rates. Liani said.
