PM Nguyen Tan Dung speaks at the National Assembly Q&A session on Nov. 18. (Photo: television screenshot)
Vietnam’s Prime Minister Nguyen Tan Dung
made the statement at a televised National Assembly Q&A session on Wednesday morning.
The Prime Minister highlighted improvements in the Vietnamese economy as of November.
Consumer prices are calculated to rise 0.1%-0.2% in November from October and projected to grow below 2% for the whole 2015. “Interest rates, the forex rate and the forex market remain stable,” he noted.
Total credit in the banking system is likely to expand 14.5%-15% in the January-November period and may exceed 17% this year.
Disbursements of foreign direct investment have increased 17.9% year-on-year to $13.2 billion in the 11-month period while realized official development assistance has hit $4.4 billion.
The index of industrial production advanced 9.6% between January and November, driven by a 10.4% increase in the manufacturing and processing sector.
He noted that state budget collections have fulfilled 94.1% of the year's plan and increased 8.3% year-on-year while budget expenditures have met 88.4% of the plan and rise 7.4% year-on-year.
According to a National Assembly-approved plan, the Vietnamese economy is targeted to grow 6.2% this year and inflation controlled at 5%.