Vietnam is aiming for annual gross domestic product growth of 6.5 percent after 2012, Deputy Prime Minister Nguyen Sinh Hung said in a document released at the National Assembly in Hanoi Thursday.
Vietnam aims to slow inflation to a single digit after 2012, Hung said in the document.
The government has scaled back its growth forecast for 2011 to 6 percent from an original prediction of 7 to 7.5 percent. That would compare with 6.8 percent last year.
Vietnam wants to use monetary tools to reduce interest rates to "reasonable levels" to help businesses and "ease pressure" on inflation, Hung said in the document. The country will continue a "tight, cautious" monetary policy for the rest of the year, with monthly and quarterly controls on lending growth, he added.
The State Bank of Vietnam has purchased US$4 billion to add to its foreign exchange reserves, according to the document. It did not elaborate the period during which the foreign exchange purchase occurred.