Vietnam’s GDP growth may reach only 5.5-6pct: MoPI
Vietnam’s GDP growth may reach only 5.5-6pct: MoPI
Ministry of Planning and Investment (MoPI) on June 13 sent report explaining some additional issues through sessions of the National Assembly on socio-economic situation.
Recalling the concerns of some delegates about adjustments on some targets in 2012 when the country’s economic growth is very difficult to reach 6 -6.5%, the report said looking at the evolutions of global and local economies in the last time and coming prospect, we can see enormous pressures for Vietnam to achieve the macroeconomic targets set out in 2012.
With solutions to support enterprises and the market, the target of keeping inflation below 10 percent could be achieved, even it would be lower (7-8%), but the report still reaffirmed the economic growth target of 6 -6.5 percent is difficult to achieve and it is forecast at only 5.5 – 6 percent for the whole year.
MoPI also mentioned the need to maintain persistent targets set for 2012, including actively controlling inflation at 8%, stabilising macroeconomic, ensuring economic growth at a reasonable level of about 6 percent and ensuring the targets of social security under the plan proposed earlier this year.
Resolving the relationship between the two issues of growth and inflation in the very difficult economic conditions currently is the concern of many National Assembly delegates.
“From now until the end of the year, if we do not achieve the growth target of 6%, only about 5.5 percent is reasonable, CPI is only about 8%. Of course, inflation at 8 percent is high, affecting the life of people but in a bad situation, we will chose the least worst, there is no other way” Tran Du Lich delegate spoke at the conference hall.
Vice Chair of the National Assembly’s Economic Committee, Mai Xuan Hung commented, if we are determined to achieve this year’s growth target by 6%, “the shadow of growth is still too big”. Because according to Hung, “we would rather reach growth of only 4.5 percent but at least it’s a real number, a real growth.”
Ideal figures for this year is inflation at 7%, and growth at 6 -6.5%, but as for me we should accept real growth and real inflation, Hung stated his personal views
VnEconomy
