March 8, 2011 / 1:18 AM / 9 years ago

Vietnam's 2011 GDP to grow 6.5-7.0 pct y/y -report

HANOI, March 8 (Reuters) - Vietnam’s economy could expand at a pace of between 6.5 percent and 7.0 percent this year, below the government’s annual target, as it concentrates on fighting inflation, a state-run newspaper reported on Tuesday.

“The government had identified, and is determined not to push too much on the growth target but to focus intensively in containing high inflation,” Deputy Planning and Investment Minister Cao Viet Sinh was quoted by the Vietnam Economic Times newspaper as saying.

The Vietnamese government had initially projected the country’s gross domestic product (GDP) to rise between 7.0 percent and 7.5 percent this year, accelerating from an annual growth of 6.78 percent in 2010. (Reporting by Ho Binh Minh; Editing by Alex Richardson)

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