4:28:24 PM | 31/10/2008
Vietnamese lawmakers have discussed results of socioeconomic issues this year and agreed to set the target of GDP growth rate of 7 per cent for 2009, state media said on October 30.
Lawmakers also said Vietnam has not fallen into crisis with inflation being curbed and trade deficit easing remarkably thanks to effective measures by the government unlike predictions by foreign experts.
Macroeconomic conditions of Vietnam’s economy are improving and inflationary pressures are easing, but GDP growth pressure is growing.
Legislators also proposed boosting rice purchases for farmers and tightening control over operations of state-owned corporations.
Lawmakers also pointed out many shortcomings of the economy such as loose state management over the market, rampant fake goods, unsafe food, goods hoarding, and increasingly serious environment pollution.
Minister of Planning and Investment Vo Hong Phuc said the government has solutions to combat deflation impacts.
Vietnam is targeting to bring down inflation to 15 per cent next year. (Vietnam & World Report)
Vietnamese
