4:06:19 PM | 24/10/2008
The industry and trade sector has set a 16.5 per cent annual growth rate target for 2009 industrial production with a 10 per cent rise in value, the Vietnam News reported, citing the Ministry of Industry and Trade.
The sector hopes to reach an export turnover of US$76.7 billion in 2009, up 18 per cent over 2008, and a trade deficit of US$20 billion.
Meanwhile, the total value of the retail and service sector in the local market is targeted to reach VND1.2 trillion-VND1.5 trillion in 2009, up 24-28 per cent over 2008.
To reach the goal, the ministry said it would set aside a total investment of VND157.4 trillion to focus on power generation, steel ingot and billets, fertilizers and pulp for paper production.
It will also encourage the development of some other key industries such as natural resources exploitation and processing, food processing, and ancillary production. (VNS)
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