Vietnam targets 7-7.5 pct economic growth next year

Vietnamese Prime Minister Nguyen Tan Dung has set an economic growth target of 7 percent to 7.5 percent for 2011, according to a statement on the government’s website Monday.

Vietnam should also aim for “revenue from import and export activities” to rise by 7 percent to 9 percent next year, Dung was cited as saying.

In order to reach next year’s goals, the country needs to rapidly develop human resources and build infrastructure, the government said in the statement.

Vietnam must find a way to raise enough funds to improve its infrastructure and the education system, the International Monetary Fund said in May.

The Southeast Asian nation is targeting a growth rate of 6.5 percent this year. Vietnam’s economy expanded 5.3 percent last year, the slowest pace since 1999.

thanhnien, Bloomberg

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