Vietnam raises GDP growth target to 8%, approves China rail link

Up to a fifth of government bodies to be slashed in cost-cut and efficiency drive

COPIED* 20230626 Vietnam National Assembly building

Vietnam's National Assembly building in Hanoi. (Photo by Yuji Nitta)

HANOI (Reuters) -- Vietnam's National Assembly on Wednesday approved raising the economic growth target for this year and also voted in favor of major infrastructure projects, including the country's first nuclear power plants and a rail link to China.

Lawmakers approved a new growth target for 2025 of at least 8% proposed by the government, an increase from the previous goal of 6.5% to 7%.

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