The National Assembly has targeted the economic growth rate at 6.5 percent for next year in a Friday session.
To reach that goal, the National Assembly proposed 12 measures for the government to push economic development, including requests to set up a stimulus fund and reform state-owned companies.
The U.K.’s Standard Chartered Bank in its September 29 report forecast Vietnam’s GDP growth for 2010 will be 6.7 percent.
Prime Minister, Nguyen Tan Dung, said last month the government expected Vietnam’s GDP growth this year to hit a decade-low of 5.2 percent, in line with a target of around 5 percent set earlier by the assembly, Thanh Nien newspaper reported.
The parliament also said inflation in 2010 should be kept below 7 percent and poverty should fall to less than 10 percent.
Lawmakers said next year’s export value should improve to over 6 percent; for the labor section, the goal is to create 1.6 million jobs, including sending 85,000 workers abroad.
The same day, NA deputies reported on plans to invest into two key projects - the Lai Chau hydropower plant and the Ninh Thuan nuclear power plant.
Meanwhile, the Friday session was told the country’s big projects, including the Dung Quat oil refinery in central Quang Ngai Province and the Ho Chi Minh highway, had gone over budget.
Start up costs for Dung Quat - Vietnam’s first and long-awaited oil refinery – ballooned to over US$3 billion, a 20 percent spike over the initial budget of $2.5 billion.
The Quang Ngai province refinery, which took 44 months to build, rolled out its first batch of product in February.
The Ho Chi Minh highway needs an additional $174 million, raising the total investment capital to $2.45 billion.
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