Vietnam targets GDP growth rate of over 5 pct in 2023: PM
Vietnam targets GDP growth rate of over 5 pct in 2023: PM- Vietnam's Prime Minister, Pham Minh Chinh, has announced that the country's GDP will grow by over 5 percent in 2023 with an inflation rate of about 3.5 to 4 percent. The government also plans to control the consumer price index at around 4 to 4.5 percent in 2024. The target GDP growth rate is between 6 percent and 6.5 per capita. GDP per capita in 2024 is expected to reach 4,700 to 4,730 U.S. dollars. The sixth plenary session of the 15th National Assembly of Vietnam began in Hanoi.
Published : 2 years ago by in Finance
HANOI, Oct. 23 (Xinhua) -- Vietnam targets gross domestic product (GDP) growth of over 5 percent in 2023 with an inflation rate of about 3.5 to 4 percent, Vietnamese Prime Minister Pham Minh Chinh said on Monday.
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 percent and 6.5 percent for 2024 was proposed by the Vietnamese government. GDP per capita in 2024 is set to reach 4,700 to 4,730 U.S. dollars.
The Vietnamese government has also set the target of controlling the consumer price index at around 4 to 4.5 percent in 2024, Vietnam News Agency reported.
Chinh emphasized that the government will continue to pursue monetary policy in a proactive and flexible manner, focusing credit on growth drivers like investment, consumption, 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. ■
Topics: Markets, Vietnam