Vietnam GDP Growth Likely at 6.7% in 2010: Communist Party
The Communist Party of Vietnam (CPV) forecast the country’s gross domestic product growth would reach 6.7% this year, beating the National Assembly’s full-year target of 6.5%.
The figures were mentioned in a report briefing major contents at the 13th meeting session of the 10th-tenure CPV Central Committee on October 7-14.
Despite the global economic uncertainties, local economy has recovered quickly and grown stronger and more stable closer to the end of this year, said the report posted on the government website recently.
Vietnam’s GDP growth accelerated to 7.16% in the third quarter from 5.83% in Q1 and 6.4% in Q2, resulting in nine-month expansion of 6.52%.
The report noted that the country’s overall balance of payments would see lower deficits as the trade gaps are likely to be narrowed thanks to increased exports.
The country’s consumer price index would be curbed between 7% and 8% this year, including a 6.46% increase in the first nine months, it added.
At the meeting, the Central Committee also set out various economic targets for next year, including a GDP growth of 7%-7.5% with income per capita rising to $1,300 from an estimated $1,160 in 2010.
Export revenues will increase 10% next year, facilitating trade deficits to be restrained at below 20% of total export revenues, while state budget deficit will be less than 5.5% of the GDP and the CPI will go up 7%. (chinhphu.vn)
Vietnamese
