Vietnam Cuts 2011 Growth Target, Raises Inflation Forecast

[WSJ]  Vietnam cuts 2011 GDP growth forecast to 6% from 6.5%.

- Government raises 2011 inflation target to 15% from 11.75%

- Second revision to forecasts in less than one month, as price pressures intensify

(Adds background on growth target in the 4th paragraph, government's comments on the budget deficit in the 5th paragraph, prime minister's comments in the 6th paragraph, background in the 7th paragraph, economist's comments in the 8th-9th paragraphs.)

By Vu Trong Khanh

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