GRIPS Development Forum > Diversifying PRSP > Ch.4 Vietnam's PRSP Experience

Vietnam's Strategy for 2001-2010

Vietnam's 10 Year Socio-Economic Development Strategy expresses a strong commitment to rapid growth, employment creation, and poverty reduction/social equity. The strategy articulates Vietnam's development vision for the coming decade, namely, developing the country from an agriculture-based economy to an "industrialized economy by 2020." A doubling of GDP by 2010 to be attained through 7.5% annual economic growth (2001-05); Investment to be increased to 30% of GDP from an average of 25% in the 1990s; Exports to grow at more than twice the rate of GDP growth; The share of agriculture GDP to decline from 25% to 16-17%; industry to increase from 35% to 40-41% and services to increase from 40% to 42-43%; The share of agriculture employment to decline from two-thirds to half; and The share of the urban population to increase from a quarter to a third.