Vietnam eyes economic growth of over 8 pct in 2007

Vietnam has targeted gross domestic product (GDP) growth of more than 8 percent next year, local newspaper People reported Tuesday.

Under a government instruction issued on Monday, the country will strive to post industrial and agricultural production growths of over 15 percent and 4.3 percent, respectively, in 2007. Meanwhile, it has eyed export earnings growth of over 16 percent.

To this end, Vietnam will focus on boosting production and export, improving quality of goods and services for export, and intensifying fight against corruption and wastefulness, said the instruction.

Vietnam, which posted GDP growth of 8.43 percent last year, achieved economic growth of 7.2 percent in the first four months of this year. In 2005, its GDP stood at 53 billion U.S. dollars, or GDP per capita was 640 dollars.

Source: Xinhua