Vietnam aims to achieve gross domestic product growth of between 8.5% and 8.7% next year, state media reported on Friday.
"Sectors, authority levels and enterprises must focus on carrying out measures to push for fast, sustainable economic growth in 2008 and the following years," the ruling Communist Party-run Nhan Dan daily cited a government order as saying.
Vietnam has projected its gross domestic product growth of 8.5% this year and is striving to attain a 9-percent rise in the second quarter after the economy expanded only 7.9% during the first five months, government officials have said.
In April, the World Bank forecast Vietnam's GDP growth at 8% for both 2007 and 2008. The Asian Development Bank said in March the Southeast Asian economy would grow 8.5% next year after a 8.3% expansion this year.
The government is aiming for GDP of $70 billion this year and per capita income would rise to $820, from $720 in 2006.
The government order, signed on Tuesday, said the agriculture, forestry and fisheries sectors should strive for a combined growth of 3.5 to 3.7% while the services sector should grow between 8.8% and 9%.
The industrial and construction sectors, which contribute more than 40% to Vietnam's GDP, should aim for expansion of between 10.5% and 10.7%, the newspaper quoted the government order as saying.
The government also urged preparation for the building of large-scale transport projects and the development of competitive export industries.
It said it encouraged the establishement of industrial and economic zones to house industries that use advanced technology.
The report did not give a breakdown of the key projects.
The country joined the World Trade Organisation in January but foreign investors say it needed big improvements in infrastructure in several key sectors such as transport, telecoms, banking and financial and energy.
The following table shows the government's key economic forecasts for this year and 2008, compared with 2006 actual figures.
Source: Reuters
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment