HANOI, Oct. 23 — Vietnam targets gross domestic product (GDP) growth of over 5 per cent in 2023 with an inflation rate of about 3.5 to 4 per cent, Vietnamese Prime Minister Pham Minh Chinh said on Monday, reported Xinhua.

He made the remarks while delivering a government report at the sixth plenary session of the 15th National Assembly of Vietnam, which opened in the capital city Hanoi on Monday.

According to the report, a target GDP growth rate of between 6 per cent and 6.5 per cent for 2024 was proposed by the Vietnamese government. GDP per capita in 2024 is set to reach US$4,700 to US$4,730.

The Vietnamese government has also set the target of controlling the consumer price index at around 4 to 4.5 per cent in 2024, Vietnam News Agency reported.

Chinh emphasised that the government will continue to pursue monetary policy in a proactive and flexible manner, focusing credit on growth drivers like investment, consumption, and export, while accelerating the implementation and disbursement of public investment capital.

The sixth session will be held in two stages, with the first lasting until Nov. 10 and the second on Nov. 20-28.

The parliament is scheduled to consider and vote on nine draft laws and one draft resolution. Eight other draft laws will also come under consideration. 

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