Hanoi’s success in curbing inflation is of extreme importance to the whole country, said Permanent Deputy Prime Minister Nguyen Sinh Hung at a conference in Hanoi on March 5.
“With its important position in the economy, if Hanoi succeeds in curbing inflation, the whole nation will succeed”, he told the conference on implementing a government resolution on the issue.
He added that with the nation’s leading monetary market, Hanoi should stabilise the market, prices, interest and exchange rates as well as work out measures to stockpile commodities and ensure social welfare.
Chairman of the municipal People’s Committee Nguyen The Thao said that the city would implement five core solution groups to curb inflation and stabilise the macro economy this year, including increasing budget revenues, saving expenses and reducing public projects.
Additionally, the city will keep credit growth to under 20 percent this year, support small and medium sized enterprises to develop production, agriculture, export as well as reduce the amount of loans for real estate and securities./.
