Inflation control remains high in govt’s 2013 plan

Developing the macro-economy and reining in inflation remain top priority in the Government’s 2013 tasks, Minister-Head of Government Office Vu Duc Dam said.
Developing themacro-economy and reining in inflation remain top priority in theGovernment’s 2013 tasks, Minister-Head of Government Office Vu Duc Damsaid.


At the government’s regular press briefingon September 5, Dam stated that the Government will persistently pursuethe adopted executive measures to keep inflation under two digits as setat the start of this year.

A 7-percent inflation rate projectedfor the coming months due to domestic and global developments must bediminished in the coming years, he said, stressing that being subjectivemay make an inflation hike rebound.

He reaffirmed theGovernment’s determination to realise the two objectives even when anumber of businesses and a proportion of population will be affected.

Atthe briefing, Dam admitted that the unsteadiness of the nationaleconomy over the recent time has partly taken root from the inadequatelydeveloped banking system.

The restructuring of the system, whichserves as the backbone of the national economy, must be placed in theforefront to guarantee the healthy growth of the economy, he said.

He reported that before the arrest of Nguyen Duc Kien, former ViceChairman of the Asia Commercial Bank (ACB) last month, the PrimeMinister had instructed relevant agencies, especially investigators, tobring into light behaviors attempted to illegally take control of banks.

Itis a must to purify the banking system to ensure its smooth,accountable operation, Minister Dam told the press, stressing theapplication of strict punishment against banking and credit-relatedcriminals.

On the arrest of Duong Chi Dung, former chairman of Vietnam National Shipping Lines (Vinalines),who had been on the run since May 17 when an indictment and arrestwarrant were issued for him, Dam said investigation and other follow-upmeasures for Dung were taken in line with law.

Dung has been charged with “intentionally violating State regulationson economic management, causing serious consequences” in accordance withArticle 165, the Penal Code, during his time at the loss-makingcompany.

Dam noted that the Prime Minister had closelyfollowed the case with prompt instructions to ensure that anyone whoviolates law will be punished as everyone is equal before law.-VNA

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