The government of Vietnam said on its Website that it has set a goal of achieving industrial production growth between 15 per cent and 16 per cent in the second half to fulfill the target of 10 per cent set for this year...
The government of Vietnam said on its Website that it has set a goal of achieving industrial production growth between 15 per cent and 16 per cent in the second half to fulfill the target of 10 per cent set for this year.
Deputy Minister of Industry and Trade, Bui Xuan Khu, noted at a meeting on July 8 that the lawmakers have approved that target in a recent working session after the country’s industrial production slowed to 4.8 per cent on-year to VND324.2 trillion (US$19 billion) in the first half.
Industrial production and exports are key drivers of Vietnam ’s GDP growth, analysts noted.
At the meeting, the CEO of Electricity of Vietnam, Pham Le Thanh, pledged to run nine power plants with a combined capacity of 2,100 megawatts to supply 39 billion kilowatts per hour for the economy in the second half.
Amid the current global economic downturn, the government also lowered targets for export growth to 3 per cent this year. Exports dropped 10.13 per cent on-year to US$27.612 billion in the first half.
Prime Minister Nguyen Tan Dung has called for all-out efforts to maintain gross domestic product (GDP) growth of 5 per cent or more and to curb inflation at 7 per cent to 8 per cent this year, state media said.
(chinhphu.vn)