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The target of export value growth rate is lowered 3%

Source: http://eyesonvietnam.com

Last Modified: May 21, 2009 23:33

In stead of the two targets as initially planned, on May 20, Vietnam Government asked the National Assembly to adjust the four key targets in the socio-economic development in 2009. Beside the GDP target and the rate of budget deficit and GDP, the growth rate of the total export value and consumption price index (CPI) are also proposed to be adjusted. Before, the National Assembly offered the 13% growth rate of export value in 2009. Meanwhile, the total export value in the first quarter of this year is just equivalent to that of the same time last year. The total export value of 2009 is forecast to drop between 3% and 5%. The Government has submitted the national Assembly to lower the target of export value growth rate this year from 13% to 3%. In term of CPI, the National Assembly has approved the increase of under 15% this year.

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