Vietnam assembly details proposed targets for 99
HANOI - Vietnam's National Assembly said it would discuss
the following proposed economic targets for 1999 at its next month-long
session that begins on Wednesday.
The government usually proposes economic targets to be approved by the
National Assembly, Vietnam's legislative organ, at the end of each year.
The assembly detailed the targets in a statement given to reporters on
Friday.
Vietnam's Communist Party agreed at a key meeting last week to an economic
growth target of six percent this year despite the Asian financial crisis
and would aim for the same rate in 1999, sources have said.
Official figures show GDP growth at 8.8 percent in 1997.
World Bank officials have said that in the absence of solid reform
Vietnam's economic situation would worsen through the last quarter, and
that this year's GDP could be 3-5 percent.
The National Assembly in July announced a revised target for export growth
this year of 10 percent and called for an inflation rate of under 10
percent. It had also targeted industrial output growth at between 10-11
percent and agricultural output growth at 3-3.5 percent this year.
It said all of following proposed targets released on Friday were
approximations:
GDP growth 6 percent
Export growth 7 percent
Industrial growth 11 percent
Agriculture growth 4 percent
Inflation Below 10 percent
The statement gave no clear comparisons for 1998.
Reuters - October 23, 1998.
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