Vietnam set to post 6.7 pct growth: official

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Vietnam's economy is likely to hit its 6.7 percent annual growth target, a senior government official said Thursday.

The country is still facing the problem of high inflation, Nguyen Xuan Phuc, chairman of the Government Office, said at a press conference.

"The government aims to focus all its efforts on stabilizing prices, keeping inflation at the lowest level possible," he said, noting that inflation for the whole year will exceed 10 percent.

Prices rose 9.58 percent so far this year, Phuc said. On a monthly basis, they increased 1.86 percent from October to November.

Consumer prices in Vietnam have also risen this year, due to a global trend and serious natural disasters have affected the nation's food stores.

Speaking at the press briefing, State Bank of Vietnam Governor Nguyen Van Giau said his institution is taking measures to keep the monetary market stable and continuing its efforts to control prices.

"The central bank will try to keep interest rates at an acceptable level and the target of increasing rates is for the short term only," Giau said.

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