2024 GDP growth target at 6-6.5%
National Assembly adopts resolution on socio-economic development in 2024.
The National Assembly (NA) adopted a resolution on November 9 on the socio-economic development plan for 2024, which sets a GDP growth target of 6.0-6.5 per cent.
Other targets include annual per capita income of $4,700-$4,730, the manufacturing and processing sector’s contribution to GDP to be 24.1-24.2 per cent, and productivity growth of 4.8-5.3 per cent.
The rate of trained workers is expected to reach 69 per cent.
The resolution also stresses the need to focus on effectively implementing economic restructuring in connection with renewing the growth model, enhancing internal capacity, improving competitiveness, and speeding up the development of the digital economy, the green economy, and the circular economy.
Focus will also be placed on recovering and developing industries, particularly manufacturing and processing and semiconductor chip production; promoting and tightening management over e-commerce and monetary, stocks, insurance, corporate bonds, and real estate markets; and continuing to restructure public investment to ensure efficiency.
