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Vietnam Will Struggle to Meet 2012 Economic Growth Target

Vietnam will struggle to meet its 2012 growth target without pumping money into the economy, according to economists including an adviser to Prime Minister Nguyen Tan Dung.

Vietnam’s economy needs to grow 6.5 percent in the fourth quarter in order to meet the government’s full-year growth target of 5.2 percent, the prime minister told lawmakers at the National Assembly in Hanoi yesterday. Vietnam’s 2012 economic growth may reach 5 percent to 5.2 percent, Nguyen Van Giau, chairman of the assembly’s economic committee, told lawmakers.