VINACHEM

The figures were announced by Minister of Planning and Investment Bui Quang Vinh at a conference to launch the National Assembly’s resolution on socio-economic development tasks and State budget for 2012 in Hanoi on December 22.

Minister Vinh said CPI saw high increases in the early months of the year before tumbling gradually from the second quarter. Over the past four months, CPI rose at a level under 1 percent, resulting from the Government’s concrete measures to control inflation and ensure market stability.

According to the Ministry of Planning and Investment, the country’s 2011 export value is estimated to reach US$96 billion, a year-on-year increase of 33 percent and the import value, US$106 billion.

GDP growth is estimated at 5.9 percent compared with 6.8 percent in 2010. Of the GDP growth, agroforestry and fisheries is up about 2.3 percent, industry and construction, 6.8 percent and services, 6.4 percent.

In 2012, the government will give priority to controlling inflation, stabilizing the macro-economy, maintaining suitable growth combining with renewing the growth model and restructuring the economy.