Vietnam vows change to build modern economy

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Vietnam vows change to build modern economy

Post by h0rkzz00 on Wed Jan 12, 2011 6:07 am

Outgoing party leader Nong Duc Manh said the economy must be restructured to speed up modernisation.

Vietnam is aiming in the next 10 years to become an industrialised country.

However, it has recently been beset by inflation, a trade deficit and the near-bankruptcy of the state-owned shipbuilding conglomerate, Vinashin.

Some 1,400 delegates opened the meeting in Hanoi with the singing of the Communist anthem, the Internationale.

The main task of the congress is to choose new leaders for the party - a new central committee with 200 members will be selected at the end of the nine day gathering.

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