Vietnam targets $7,500 GDP per capita by 2030

GDP per capita rose 1.6% to $4,284.5 last year, according to the General Statistics Office.

S&P Global Ratings expects Vietnam’s GDP per capita to reach $4,500 this year.

The International Monetary Fund pegs it at $4,620.

The government also targets a GDP growth of 7% annually by 2030 and to make Vietnam one of three leading countries in Southeast Asia in industrial competitiveness.

It wants industry to account for 40% of GDP.

To achieve this goal the country needs major corporations that can compete globally.

The government eyes to build and develop industrial clusters to master the manufacturing chain.

It also wants services to account for more than 50% of GDP, in which tourism alone should contribute 14-15% of GDP.