Vietnam Aims for GDP Growth Rate of 8.2-8.5 per cent Next Year

Vietnam’s National Assembly Wednesday closed its working session with the ratification of set economic growth targets for key sectors of the country for 2007, mass media reported on November 30.

 

Under the approved targets, Vietnam’s export value is set to rise 17.4 per cent with imports up 15.5 per cent, the agro-forestry and fishery sectors to increase 3.5-3.8 per cent, industrial and construction sectors to soar 10.5-10.7 per cent; the services sector to surge 8.0-8.5 per cent.

 

Meanwhile, national investments account for 40 per cent of the country’s GDP.

 

The State budget deficit is to be kept under 5.0 per cent.

 

In 2007, Vietnam plans to generate about 1.6 million new jobs, and send 80,000 laborers abroad.

 

These targets are among key issues debated and defined at the National Assembly’s month long working session.

 

To realize these goals, NA Deputies reached a consensus to continue administrative reform, make necessary adjustments on the 5-million ha afforestation project, and to improve tertiary education and vocational training service.

 

Most notable is NA’s discussion and ratification of the WTO documents and commitments and the Prime Minister’s Q/A session ironing out all questions raised by Deputies concerning heated issues of the country’s economic development.

 

Eleven new laws were also passed.