Govt launches Shared Prosperity Vision 2030 to 'turbo-charge' economy

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

The Economic Affairs Minister said the new plan aims to create wealth for the country that would 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 race, income class and region.

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

“This vision will provide the 'turbo charge' needed to spur a sustainable economic growth which in turn will elevate us to a high-income economy and increase the people’s purchasing power, ” said Azmin in his speech at the launch of SPV 2030 by Prime Minister Tun Dr Mahathir Mohamed here on Saturday (Oct 5).

He added that the government was confident the vision could 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 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, ” said Azmin.

The minister promised that the Pakatan government would not neglect those from 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, in Sarawak, or in 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.

Also present at the launch were Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail, Home Minister Tan Sri Muhyiddin Yassin, who is also Institut Masa Depan Malaysia chairman, other cabinet ministers, foreign dignitaries and senior government officials.