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Vietnam Q2 Annual GDP Growth Accelerates |
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Friday, 25 June 2010 |
(RTTNews) - Vietnam's
economy expanded between 6.2% and 6.4% annually in the second quarter,
the Planning and Investment Ministry said Thursday. Economic growth was
5.83% in the first quarter.
In the first half, gross domestic product grew between 6% and 6.1% from a year earlier. The government targets to achieve 6.5% growth this year. At the same time, the World Bank has forecast Vietnam's economic growth to remain at 6.5% in 2010 and 2011. The ministry said the country's industrial production in the first six months of the year rose 13.8% over the same period last year. Exports increased 15.7% during the same period and imports gained 29.4%.
Earlier in the day, the country's General Statistics Office said Vietnam's annual inflation slowed to 8.69% in June from 9.05% in May. Inflation eased for a third month in a row. Meanwhile, the State Bank of Vietnam, during its monetary council meeting on May 31, decided to retain its key interest rate for the seventh successive month. The base rate will be left unchanged at 8% per annum for June, the bank had said.
(Source: rttnews)
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