At the 24^th session of the National Assembly (NA) on October 2, the NA Standing Committee heard a Government report on the implementation of socio-economic development tasks and State budget estimates for 2009, a plan for socio-economic development and State budget for 2010 and budget allocations for localities next year.

According to the report, Vietnam has this year reached the target of stemming the economic downturn and maintaining a reasonable and sustainable economic growth rate.

The national economy has shown signs of stabilizing, posting a growth rate of 5.2 percent while the inflation rate has been kept under control at 7 percent, in line with levels recorded in previous years.

In 2010, Vietnam is aiming for a GDP growth rate of 6.5 percent and a per capita income of US$1,200.

In order to reach this goal, it will be necessary to stimulate investment, boost production and business, increase the quality of exports, control the trade deficit and accelerate international economic integration.