Vietnam targets 7-7.5 pct economic growth for 2011

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Vietnam aims to grow its GDP by 7.0-7.5 percent next year as the country anticipates an economic rebound, according to a statement on the government website Monday.

The target is higher than the estimate for economic growth this year, which Prime Minister Nguyen Tan Dung said earlier this month would be 6.5-7 percent, after posting a 5.32 percent growth in 2009.

According to the government, the global economy will continue to grow next year but at slower pace than the pre-crisis era. As a result, Vietnam's economy will also be affected, but the country will strive to stimulate an economic rebound.

The government also said 2011 would be an important year as it will mark the beginning of the implementation of Vietnam's new master development plan for 2011-2015.

Government budget revenues are expected to stand at more than 23 percent of the country's GDP next year, the statement said.

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