Vietnam’s 2010 GDP to grow 6.0-6.5 percent: Central bank

Vietnam’s economic growth next year is forecast to accelerate to between 6 percent and 6.5 percent, from 5.0-5.2 percent expected for 2009, the central bank’s governor said in a speech published Saturday.

Inflation next year would be around 10 percent if bank loans and the money supply (M2) expand 25-27 percent, Nguyen Van Giau said in the speech carried by the Vietnam Economic Times.

Vietnam will aim for 30 percent growth in both credit and M2 this year, Giau said on Friday, raising the lending expansion target from 25-27 percent.

The Asian Development Bank has forecast Vietnam’s economy to grow 6.5 percent next year, from a 4.5 percent expansion in 2009.

Earlier this month Giau forecast the economy to grow at a rate of 5.0 to 5.2 percent this year, against a government target for full-year gross domestic product growth of “about 5 percent”.

thanhnien, Reuters

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