Vietnam Economy Grows 6.23 per cent, Below Target This Year
Vietnam’s GDP growth hits 6.23 per cent this year, below the set target of 6.5 per cent, but significant figures in the global downturn, the government of Vietnam has said at the year-end meeting.
Industrial production value has soared 14.6 per cent, agro, forestry and fisheries production value has surged 5.6 per cent and exports value has jumped 29.5 per cent to US$63 billion, and FDI disbursements have reached more than US$10 billion, the government said.
The country’s trade deficit was $17 billion, lower than the set target of $20 billion, the government added.
Governor of the State Bank of Vietnam Nguyen Van Giau told the meeting that the Asean country’s forex reserves exceed $20.3 billion.
The government also has curbed inflation to 19.9 per cent, below the forecast 25 per cent for this year.
Vietnam has generated 1.615 million jobs this year.
The government said that it will use $1 billion to create soft loans to boost investments and consumption to avert recession.
Vietnam has set a target of GDP growth rate of 6.5 per cent next year, inflation of 15 per cent, generation of 1.7 million jobs, exports growth of 13 per cent. (People, Youth, News)
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