Vietnam expects 7-8 pct annual GDP growth in 2011-2015

A pedestrian walks past a Phuong Dong Bank banner.
Vietnam’s economy may grow between 7 percent and 8 percent annually from 2011 to 2015, according to a statement on the government’s website that cited draft measures from the ministry of planning and investment.
The Southeast Asian nation expects the economy to expand 5.2 percent this year, Prime Minister Nguyen Tan Dung said Nov. 19. The $91 billion economy grew 6.2 percent in 2008 and 4.6 percent in the first three quarters of this year.

Vietnam also forecast exports to rise 12 percent a year in the 2011-2015 period, according to the statement. It didn’t say what measures would be implemented to meet the goals.
In the 2006-2010 period, the country “basically stabilized the macro economy and maintained growth,” the ministry of planning and investment said, according to the statement.

Source: thanhniennews.com