Vietnam Forecast GDP Growth of 6.7 per cent, Inflation of 22 per cent This Year

5:19:52 PM | 4/11/2008

The government of Vietnam Nov 1 held a regular government meeting and forecast GDP growth rate of 6.7 per cent and inflation of 22 per cent this year, and said that the government will focus on expanding exports markets and boost domestic demand, Vietnamese state media said, citing Prime Minister Nguyen Tan Dung as saying.

PM Dung asked for taking flexible monetary and fiscal policies to curb inflation, boosting export markets, particularly emerging markets including China and Russia as well as stimulating the domestic market, investment disbursement for key infrastructure projects.

“In the complicated situation, the government of Vietnam will proposes GDP growth targets of between 6 per cent and 6.5 per cent or 6.5 per cent for 2009 with exports growth of 10 per cent-12 per cent to the Politburo and the National Assembly,” Minister Nguyen Xuan Phuc said.

The Ministry of Planning and Investment predicted that exports revenues will be US$64 billion, down 2 per cent from the year’s target. (VNA, www.chinhphu.vn)

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Vietnam Forecast GDP Growth of 6.7 per cent, Inflation of 22 per cent This Year

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