8:50:17 AM | 20/10/2008
Vietnamese Prime Minister Nguyen Tan Dung Oct 16 proposed the targets of achieving GDP growth rate of 7 per cent on year to US$106 billion and curbing inflation to below 15 per cent next year to the National Assembly for approval, warning adverse and complicated impacts from the global financial crisis.
“Top task for Vietnam is to continue curb inflation to below 15 per cent next year and single digit level in 2010 to stabilize the macro-economy,” Mr Dung said in his statement when addressing the working session of the national assembly opened Oct 16.
Vietnam targets exports valued US$76.7 billion, an on year rise of 15 per cent, agro-forestry-fisheries growth of 3 per cent, industrial and construction growth of 8 per cent and service growth of 7.8 per cent in 2009.
It plans to invest VND725 trillion (US$43.939 billion) to account for 40 per cent of the country’s GDP value and generate 1.7 million jobs next year. State budget income will be VND418 trillion (US$25.333 billion), up 4.8 per cent from 2008, state budget spending will be VND509.4 trillion (US$30.872 billion), up 7.4 per cent on year.
The Asean country’s trade deficit is set to be US$20.7 billion, representing 27 per cent of the exports value. So far this year, Vietnam has cut VND37 trillion (US$2.242 billion) investment projects in government efforts to curb inflation. (The People)
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