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Average GDP growth in 2006-2010 expected at 6.9pct
08/Jan/2010 Intellasia | Thoi Bao Kinh Te Vietnam page 3
8 Jan, 2010 - 10:39:43 AM
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Ministry of Planning and Investment stated that the average GDP growth rate in the past five years from 2006 to 2010 was expected to achieve about 6.9 percent per year, compared to the proposed target of 7.5-8 percent.

The GDP growth rate calculated on criteria of price in 2010 was expected to increase twice as much as that of 2000, in comparison with the targeted growth rate of 2.1 times higher. The GDP par capita in US dollar to be calculated on the basic of 2008 exchange rate reached over $1 billion, equal to the expected target in 2010.

In the three major sectors, only the industrial and construction sector failed to reach the targeted average economic growth rate, the two remaining sectors of agriculture, forestry, aquaculture and services fulfilled the targeted annual growth rate. The ministry of Planning and Investment predicted that the export turnover in 2009 and 2010 would be lower than the expected annual growth rate in 2006-2010. The ratio of social investment capital over GDP in five years of 2006-2010 was expected to surpass the predicted one by 40 percent.





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