Per capita income likely to touch $1,300 in 2011

In the economy development scheme in 2011 approved by the government, Vietnam’s gross domestic product (GDP) growth is expected to increase by 7-7.5 percent against 2010, reaching by $112.8-113.8 billion, and per capital income at $1,290-1,300.

Of which, agro-forestry and seafood sectors would increase by 2.6-2.7 percent, construction and industry sectors up 7.5-8.3 percent and service field would soar by 8.2-8.5 percent.

The government also predicted the total export turnover in 2011 would be $74.8 billion, up 10 percent year-on-year. Total tax collection would reach 588.5 trillion dong, total spending at 723.6 trillion dong. The state budget deficit would account for 5.5 percent of GDP, total investments for social development would account for 40 percent of GDP and CPI at below 7 percent.

Also according to the government, in 2010, 16 of 21 targets exceeded the approved plans such as GDP growth at 6.7 percent (while the approved plan was 6.5 percent), trade deficit was controlled at 8 percent and state budget overspending fell to 5.95 percent against 6.9 percent of 2009. – TBKTVN

Tags: Vietnam economic, Vietnam economy, Vietnam GDP, Vietnam GDP 2010, Vietnam Per capita income

Posted by VBN on Oct 4 2010. Filed under Economy News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry