Thursday, October 05, 2006

Economic indicators: High growth forecasted

Vice Minister of Planning and Investment (MPI) Cao Viet Sinh expects a GDP growth of 8.4 - 8.5%, exceeding target of 8.1 - 8.2% for 2006. This growth is mainly driven by increased exports of the most strategic commodities, including coal, pepper, rubber latex, garments and textile, wooden furniture, footwear and aquatic products. However, crude oil, rice and coffee exports declined.

On the other hand, an increase of consumers prices by 5.4% can be observed in the first 9monthes.

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