Vietnam approves socio-economic development plan for 2023

Vietnam approves socio-economic development plan for 2023

On Thursday, the 15th National Assembly (NA) of Vietnam, the country’s highest legislative body, approved a resolution on the country’s socioeconomic development plan for 2023, emphasizing macroeconomic stability, inflation management, and growth acceleration.

The resolution was approved by 465 of 466 MPs present at the fourth session of the 15th NA, with other goals including ensuring major economic balances, strengthening internal capacity, self-reliance, resilience, and adaptation, according to Vietnam News Agency on Thursday.

According to the resolution, Vietnam seeks to attain 6.5 percent GDP growth and a per capita GDP of $4,400 USD in 2023. Its consumer price index (CPI) is predicted to climb 4.5 percent in the same year, and the manufacturing and processing sector would account for 25.4 to 25.8 percent of the country’s GDP.

According to the resolution, the country also wants to keep the urban unemployment rate under 4%, and the rate of impoverished households would fall by 1 to 1.5 percent.

Vietnam also intends to strengthen administrative reform and the investment climate, as well as to improve human resources and drive innovation.

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