HANOI: Vietnam's economic growth target is 5.5 percent next year, similar to the expected rate of expansion in 2012, the government said.
The country will try to keep annual inflation next year at between 7-8 percent, a government statement said, citing a Planning and Investment Ministry report to a Wednesday session of the National Assembly's Standing Committee.
Vietnam should maintain a tight and prudent monetary policy to be able to attain next year's targets, the government statement released late on Wednesday said.
The growth target, to be approved along with other socio-economic targets for 2013 by the National Assembly in its session scheduled to start on Oct. 22, is on par with a projection for 2012's growth by Prime Minister Nguyen Tan Dung.
Vietnam's economy grew an estimated 4.73 percent in the first nine months of this year from a year earlier, slowing from the 5.77 percent annual expansion in the same period last year, the government has said.
Earlier this month the International Monetary Fund, the World Bank and the Asian Development Bank lowered their forecasts of Vietnam's growth this year to between 5.1-5.2 percent from their earlier projections of 5.7-6.2 percent.
They projected faster growth next year, with the ADB and the World Bank looking at an expansion of 5.7 percent, below the IMF's forecast of 5.9 percent.
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