Vietnam targets 6.5-7 pct annual growth in 2011-2015

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Vietnam will target average annual gross domestic product (GDP) growth of 6.5 percent to 7 percent in the 2011 to 2015 period, the National Assembly said in a document handed to reporters in Hanoi on Wednesday.

The nation also aims to reduce its budget deficit to below 4.5 percent of GDP by 2015, and will target annual inflation of between 5 percent and 7 percent that year, according to the document.

Vietnam aims to limit its trade deficit to no more than US$10 billion next year, the National Assembly said.

The trade deficit will be kept at below 10 percent of the country's total exports in 2012, according to the document. The nation will also aim to limit public debt to no more than 60 percent of GDP in 2012.

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