PUTRAJAYA - Prime Minister Datuk Seri Najib Tun Razak said Malaysia needs to identify areas of specialisation to remain competitive globally, specifically by 2050.
He said the challenge still faced by Malaysia in the effort to transform the national economy, is to drive growth based on productivity, move industry to value added activities and seize opportunities based on the Industrial Revolution 4.0.
"The National Transformation 2050 (TN 50) is the country's long term aspiration and I want to see Malaysia among the world's top 20 countries by 2050.
"In this regard, we need to put down the goal or short and medium term aspiration towards achieving it.
"We need a foundation for the future that is in line with the country's development plan. I hope the gross domestic product (GDP) target can reach RM2 trillion by 2025," he added.
Najib, who is also the Finance Minister said this at a roundtable session on current issues with small medium enterprises and techno entrepreneurs and associations at the Perdana Putra Building here today.
Also present was SME Corp Malaysia Chief Executive Officer Datuk Dr Habsah Hashim and SME Association of Malaysia President, Michael Kang Hua