Vietnam gov't seeks 7 pct growth in second half

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The Vietnamese government has targeted a second half growth of around 7 percent a month in order to reach the annual target of 6.5 percent this year.

The economy is expected to expand by more than 6.2 percent in the second quarter, compared with 5.83 percent in the first quarter, the government said in a report at a regular cabinet meeting in Hanoi Wednesday.

Government officials agreed that the economy has improved this year. Exports reached US$20.16 billion in the first four months, up 8.9 percent from the same period last year. Consumer prices rose only 0.14 percent in April, the slowest pace in a year.

Prime Minister Nguyen Tan Dung said in order to maintain economic stability all ministries, industries, cities and provinces need to take coordinated measures to keep prices stable, especially in Hanoi and Ho Chi Minh City.

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