Hanoi plays major role in curbing inflation
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./.