Vision 2020 if continued 6pc growth, says Najib
Malaysia can be a developed nation by 2020, if the country registers a continuous six per cent annual growth, says Prime Minister Datuk Seri Najib Razak.
The Malaysian Insider
KUALA LUMPUR, May 30 — Malaysia can be a developed nation by 2020, if the country registers a continuous six per cent annual growth, says Prime Minister Datuk Seri Najib Razak.
“To achieve this goal, we need to enhance economic growth. We must achieve the six per cent annual growth and God willing, by 2020, we can achieve the status of a developed nation,” he said at the closing ceremony of the Bumiputera Economic Congress: New Economic Model 2010, here yesterday.
The event was organised by the Malay Consultative Council (MPM).
Najib said Malaysia needed to encourage local and foreign investments.
This, he added, will ensure that the country’s investments increase and Malaysia will not be stuck as a middle income country.
“If not, other countries will overtake us. If we do something to move for large investments, then it is not impossible to achieve the six per cent growth,” he explained.
Explaining the New Economic Model (NEM) at the congress, Najib stressed that it is a suggestion of certain experts.
“It is planned [as] such. It is not the government’s major stand that will be formulated soon, but a process to seek views of various parties, including the Malays,” he reiterated.
