Vietnam to achieve annual economic growth of 7 to 8 pct in next 10 years

Vietnamese Prime Minister Nguyen Tan Dung said here on Wednesday that Vietnam targets to achieve annual economic growth rate of between seven and eight percent in the next ten years.

Dung made the remarks at a seminar to discuss the draft Vietnam 's National Socio-Economic Development Strategy in the 2011-2020 period. The seminar attracted Vietnamese senior policy makers and local and international researchers.

Under the strategy, Vietnam also sets a goal that the country's gross domestic product (GDP) per capita will reach 3,000 to 3,200 U.S. dollars by 2020, said Dung.

To reach the targets, Dung said that Vietnam has to accelerate administrative reform, develop high-quality human resources, improve infrastructure and enhance science and technology.

Vietnam will try its best to develop in a fast and sustainable way in the next ten years, he said.

At the seminar, participants agreed that to achieve its objective of becoming a largely industrialized country by 2020, Vietnam may have to adopt a new model of development.

The new model should help Vietnam increase added value in value chain in production and exports, they said.

Source:Xinhua