Topic: 2030

According to the latest draft strategy submitted by the Ministry of Industry and Trade, out of the 1 million cars to be sold in Vietnam in 2030, around 350,000 units will be electric, hybrid, and solar-powered vehicles.

Growing gas demand is attributed to the country's economic growth and energy transition, according to the UK-based research firm.

The Ministry of Finance’s plan on implementing the Public Debt Strategy to 2030, which has been approved by the Minister of Finance, outlines seven lists of tasks and projects, including a proposal to supplement and amend the Law on Public Debt Management in line with international practice. The 2030 public debt strategy sets a target that, by 2030, Vietnam’s public debt will not exceed 60 per cent of GDP, government debt will not exceed 50 per cent of GDP, and foreign debt will not exceed 45 per cent of GDP.

Vietnam currently has nearly 900,000 operating businesses, about 14,400 cooperatives, and some 5.1 million business households. The business sector contributes over 60 per cent of GDP and 30 per cent of jobs. The ten-year socio-economic development strategy for 2021-2030 sets a task of developing the private sector, with there to be at least 2 million enterprises by 2030 and the private sector’s contribution to GDP to reach 60-65 per cent.

With a vision of becoming a new tourism center in Asia by 2030, Quy Nhon city in south-central Binh Dinh province has boosted the development of its infrastructure network, with many key transport projects being implemented to meet criteria set by the government.