[HappyCheongster]

HAPPY BIRTHDAY TO ALL VIETNAMESE IN SINGAPORE AND AROUND THE WORLD.

A Present to be proud of.... good report card

Vietnam’s 2010 Economic Growth May Exceed Target

Sept. 1 (Bloomberg) -- Vietnam’s economy may expand 6.7 percent this year, surpassing the original government target of 6.5 percent as domestic production restores growth momentum and global trade recovers.

The country’s economy continues to “develop in a positive direction,” unnamed government members said in a statement. With the “obvious economic recovery,” gross domestic product growth in the third and fourth quarters is expected to be higher than the first two quarters, according to the statement, which was filed on the government’s website.

The value of industrial production exceeded 504 trillion dong ($26 billion) in the Jan. to Aug. period, an increase of nearly 14 percent on-year. GDP growth in the third quarter may reach 7.18 percent, according to the statement.

Gross domestic product in the Southeast Asian nation expanded 6.4 percent in the second quarter, after advancing 5.8 percent in the first three months of the year. Prime Minister Nguyen Tan Dung said in June the economy may grow as much as 7 percent in 2010.