Vietnam's GDP growth to accelerate to 6.7% in 2016, says premier

Labourers working at a yarn weaving plant in Ha Nam province, outside Hanoi, Vietnam, on Oct 7, 2015.
Labourers working at a yarn weaving plant in Ha Nam province, outside Hanoi, Vietnam, on Oct 7, 2015. PHOTO: REUTERS

HANOI (REUTERS) - Vietnam has targeted its economy to expand 6.7 per cent in 2016, after this year posting the quickest growth in five years estimated at above 6.5 per cent, the prime minister said on Tuesday (Oct 20).

The Southeast Asian country will aim to keep annual inflation at below 5 per cent in 2016, Prime Minister Nguyen Tan Dung told the National Assembly's opening session.

The government has also targeted annual economic expansion of between 6.5-7.0 per cent over the next five years, Mr Dung said, in line with the 2016-2020 growth target mapped by the ruling Communist Party.