Malaysian Government Launches Shared Prosperity Vision 2030

07 October 2019

1. Development for All though Restructuring of the Economy;
2. Address Wealth and Income Disparities by Addressing Inequalities; and
3. Create a United, Prosperous and Dignified Nation through Nation Building.

1. Continuous Prosperity;
2. Equitable Income;
3. Equitable Growth;
4. Distributed Economy;
5. Inclusivity;
6. Learning Society;
7. Future Economy;
8. Need-Based Approach Economy;
9. Institutional Political-Economy;
10. Integrated Social Model;
11. Economic Centre of Asia;
12. Democracy and Stability;
13. Integrity and Good Governance;
14. Unity in Diversity; and
15. Sovereignty and Sustainability.

1. Business and Industry Ecosystem;
2. Key Economic Growth Activities;
3. Human Capital;
4. Labour Market and Compensation of Employees;
5. Social Wellbeing;
6. Regional Inclusion; and
7. Social Capital.

1. SME and microbusiness to contribute 50% of GDP;
2. To create 30% high technology companies from total SMEs in the manufacturing and services subsectors;
3. At least 20% of high- technology Bumiputera SMEs in each subsector; and
4. Bumiputera SMEs to contribute 20% to GDP.

1. Increased contribution of high technology of 50% of the manufacturing sector and 30% of the services sector;
2. To build resilient key new sectors as follows –
1. Islamic Finance Hub 2.0;
2. Renewable Energy;
3. Green Economy;
4. Commodity 2.0;
5. Centres of Excellence; and
6. ASEAN Hub.

1. 35% of high-skilled workers in labour force;
2. Majority of workforce in high-skill jobs and future economic sectors will be Bumiputera;
3. 40% of HRDF training skills to relate to 4IR;
4. At least 60% of SPM leavers to pursue TVET field;
5. Programme offerings at universities and training institutes will be tailored to the needs and requirements of industries;
6. Increase local and Bumiputera employees in management and professionals in MNCs.

1. Labour market to be free from discrimination over age, gender, ethnicity and religion;
2. Average salary increment to ¾ of annual productivity value increases;
3. Increase labour productivity growth in line with quality of technology in industry by sector;
4. Reduce the total number of foreign workers by implementing sector-based thresholds.

1. Equality in merit-based median salary ratio;
2. Measure poverty level by using relative poverty index;
3. Build day-care centres in every locality;
4. Affordable housing cost to be determined using the Housing Cost Burden (HCB) approach, which is less than 30% of monthly median household income in Malaysia.

1. Integrated urban-rural transportation system;
2. Ten listed companies in every developing state, half of which are Bumiputera;
3. Reduce income disparity between regions by half;
4. Reassess quantity and quality of Malay reserve land;
5. Introduce new regional economic hotspots particularly outside Klang Valley areas;
6. Ensure the nation’s Critical Infrastructure Development Plan is realised (e.g. hospital, schools and bridges).

1. Achieve positive increases for the following indices -
1. Unity Index;
2. Integrity and Anti-Corruption Indicator;
3. Religious Harmony Index;
4. Environmental and Climate Change Index;
5. Anti-Drug Index;
6. Crime Prevention Index;
7. Neighbourhood Harmony Index;
8. Rakyat Health Index.