Gov’t commits to gaining 2.5%-GDP growth target

While Vietnam continues to pursue the dual target of containing the pandemic and boosting economic recovery, protecting people’s lives remain the government’s utmost priority, Prime Minister Nguyen Xuan Phuc has said. Prime Minister Nguyen Xuan Phuc at the monthly government meeting. Photo: Quang Hieu/Hanoitimes The Vietnamese government is committed to ensuring the GDP growth target of 2.5 – 3% for this year, stressed Prime Minister Nguyen Xuan Phuc at the monthly government meeting on December 2. Among other key economic indicators, Mr. Phuc said the inflation rate is on track to stay below the 4% target, given the average consumer price index (CPI), a gauge of inflation, expanding by 3.51% year-on-year in the first 11 months of this year. Total goods retail sales and services revenue along with industrial production are recovering, thanks to growing demand in final months of the year, he noted. “Agricultural exports could meet the year’s target of US$41 billion, while Vietnam continues to be Southeast Asia’s top food exporter,” stressed Mr. Phuc, adding that as the trade surplus in the January-November period reaching a record high of US$20 billion, the figure would be likely to exceed the one attained in the same period of 2019. “Vietnam’s… Read full this story

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