PM Dung: Vietnam Economy to Grow 5-5.5 per cent, Inflation Capped at 6 per cent in 2009
Vietnam's economy will expand between 5 per cent and 5.5 per cent and inflation will slow to 6 per cent this year, Prime Minister Nguyen Tan Dung told the Vietnam Global Investment Conference held in Hong Kong on April 20.
Mr Dung assured Vietnam's forex reserves are at secure levels, equaling to 20 weeks of imports, viable to the economy's import demand.
The government will spend US$8 billion to boost demand in coming months and plans to encourage foreigners to increase investments into infrastructure projects to 40 per cent of the total, Mr Dung said.
The government is pushing privatization of state-owned enterprises on recovery of the stock market in the first quarter, Mr Dung noted. (chinhphu.vn, vnexpress.net)
Vietnamese
