Vietnam sees faster 2015 GDP growth, 2014 targets in sight

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HANOI (Oct 20): Vietnam expects faster economic growth next year of 6.2 percent, picking up from a targeted 5.8 percent this year, Prime Minister Nguyen Tan Dung said on Monday.

The Southeast Asian nation plans to keep inflation next year at 5 percent, compared with a government projection of "below 5 percent this year", Dung told the National Assembly in its opening session broadcast nationwide.

After growing 5.42 percent in 2013, Vietnam's economy has been expanding faster this year, with the third quarter's annual growth quickening to 6.19 percent, from 5.42 percent in the second quarter and 5.09 percent in the first three months, government data show.

The consumer price index in September rose 2.25 percent from December 2013, the slowest year-to-date pace in a decade, Dung said.

Parliament will discuss and may approve the government's socioeconomic targets for 2015 during its autumn session due to end in late November.

Vietnam's stock market gained slightly on Monday after Dung released positive assessments for economic performance in 2014 and targets for 2015. The VN Index rose 0.83 percent to 590.15 points by 0224 GMT after six straight sessions of falls.