PM: Vietnam Targets to Achieve GDP Growth of 6.8% in Q4
The Vietnamese government has targeted to achieve economic growth rate of 6.8% in the fourth quarter so as to fulfill the GDP growth of 5% set for this year, Prime Minister Nguyen Tan Dung said in a report posted on the government’s website.
PM Dung who chaired a meeting on Oct 1 said the government is pursuing to monitor the monetary market and take flexible measures to stabilize the economy and curb high inflation.
From now through end-2009, the government will speed up key projects that use funding from state budget, foreign aids and foreign direct investments, Dung urged.
The government will end its first stimulus package at end-2009 as planned and will decide on the second stimulus package by end-Oct, Minister-Chairman of the Government Office Nguyen Xuan Phuc told media on Thursday.
The State Bank of Vietnam, the country’s central bank, said that it will keep benchmark interest rate unchanged at 7% through end-2009.
Vietnam invested VND483.2 trillion in total into the economy between January and September, up 14.4% from a year earlier.
Vietnam’s economy is on recovery course, recording growth of 4.56% in the first nine months. (SBV, The People)
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