Azmin: SPV 2030 will benefit the country and Malaysians

KUALA LUMPUR: Malaysia’s Shared Prosperity Vision (SPV) 2030 will provide the “turbo charge” needed to boost the country’s economic development, says Economic Affairs Minister Datuk Seri Azmin Ali.

He said the blueprint aims to create wealth for the country that will benefit Malaysians from all walks of life.

“This vision is a manifest of Pakatan Harapan’s desire to implement justice and fairness that covers all races, income class and region.

“The SPV 2030 is launched at the perfect time, especially with the uncertain economic climate that is happening globally.

Eager crowd: Delegates queueing to register for the Shared Prosperity Vision 2030 launch by Dr Mahathir at the Kuala Lumpur Convention Centre.

“This vision will provide the turbo charge needed to spur a sustainable economic growth.

“This in turn will elevate us into a high-income economy and also increase the people’s purchasing power, ” Azmin said in his speech at the launch of SPV 2030 here yesterday.

Prime Minister Tun Dr Mahathir Mohamad launched the SPV 2030 at the Kuala Lumpur Convention Centre.

Also present were Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail and Home Minister Tan Sri Muhyiddin Yassin.

Azmin said the government is confident that the vision can be achieved through an increase in “greater economic complexity”, by focusing on high-impact industries such as aerospace, digital economy and high-tech farming.

“A stable administration that stresses on good governance, transparency and accountability will give local and foreign investors the confidence to choose Malaysia as their base.

“This will create job opportunities in new sectors that are more innovative and of high technology, ” he said.

Azmin also assured the people that the Pakatan government will not neglect those from the low-income groups, be it in urban or rural areas.

“The government and the people will join hands and ensure that the country’s prosperity will be enjoyed by all Malaysians, whether they are in Sabah, Sarawak or the peninsula, whether they are in rural or urban areas, or whether they are farmers, fishermen, workers, taxi drivers, professionals, youths or university students, ” he said.

Met by reporters after the launch, Azmin said the fourth quarter of 2019 will be a challenging time for Malaysia to maintain its gross domestic product (GDP) growth.

“But as long as we can sustain between 4% and 5% growth, we should be on the right track, ” he said.

Azmin also said in order to achieve the GDP target of RM3.4 trillion by 2030 with an average of 4.7% growth rate per annum, participation from the public and private sector is vital.

“Our policy is to encourage more foreign direct investment to Malaysia and also to encourage domestic consumption in the next few years.

“Hopefully we can achieve our target by 2030, ” he said.- Star