The Hanoitimes - Vietnam’s priority next year will be the aggressive implementation of its plan to restructure the national economy, while placing secondary importance on high economic growth, Prime Minister Nguyen Tan Dung told international donors at a meeting.
The Hanoitimes - Vietnam’s priority next year will be the aggressive implementation of its plan to restructure the national economy, while placing secondary importance on high economic growth, Prime Minister Nguyen Tan Dung told international donors at a meeting.
At the Consultative Group Meeting in Hanoi, the Prime Minister emphasized that the government will take drastic measures in order to be able to effectively restructure the economy.
He said Vietnam’s macro-economy has seen positive developments recently, with inflation remaining under the government’s control and consumer prices steadily declining over the last six months.
“Vietnam is capable of restricting inflation to around 9 percent next year,” he said.
Dung added that the government will continue to carry out measures intended to avoid a depreciation of the dong.
He said that the country’s foreign reserves have increased, while export turnover also posted a 34 percent rise compared with 2010.
“The government’s overspending has also fallen this year, standing at 4.9 percent, less than the 5.3-percent estimate,” Dung said.
“Overspending will continue to drop to below 4.8 percent next year.”
Regarding GDP growth, the Prime Minister said the growth rate this year is between 5.8 percent and 6 percent, adding that the government is targeting to keep the rate around 6 percent next year to stabilize the macro-economy and ensure social security.
“High growth is not the country’s first choice,” he assured. BTP |