News Room - Business/Economics

Posted on 11 Nov 2008

GDP growth re-set at 6.5% in 2009 (Vietnam)

Vietnam's gross domestic product (GDP) growth is estimated at 6.5%, the People newspaper reported on Friday, citing with the adopted resolution by the National Assembly (NA).

 

The resolution on 2009 socio-economic plan by National Assembly on Thursday put forth changes to other several socio-economic targets previously proposed by the government in the fear of negative impacts of the global economic crisis, deputies agreed.

 

The GDP growth for 2009 was adjusted at 6.5% as saying instead of the proposed seven%. The export turnover was altered to 13% from the suggested 18%, according to the resolution.

 

Other socio-economic targets were also adjusted to ensure the stable economic development in the 2009 plan.

 

The resolution approved on Thursday also calls for the households under the poverty line reduced to 12% and 1.7 million jobs created including 90,000 workers sent abroad.

 

To achieve these targets, the government, relevant ministries and provinces have to focus on easing difficulties for enterprises and giving them opportunities to have access to investment capital, especially for small and medium sized ones, said deputies at the NA.

 

At present, Vietnam is doing its utmost in implementing a tight monetary policy, curb inflation to reach the set GDP growth target of 7% till the end of 2008.