Politics

PM assigns tasks to overcome difficculties, ensure macro-economic stability

Prime Minister Pham Minh Chinh has assigned urgent tasks to particular ministries and agencies to deal with current economic difficulties in the new situation during a Government law-building session on September 22.
PM assigns tasks to overcome difficculties, ensure macro-economic stability ảnh 1Prime Minister Pham Minh Chinh addresses the event (Photo: VNA)
Hanoi (VNA) – Prime Minister Pham Minh Chinhhas assigned urgent tasks to particular ministries and agencies to deal withcurrent economic difficulties in the new situation during a Government law-buildingsession on September 22.

The PM noted that the world economy is facing numerousdifficulties due to a growth slowdown and soaring inflation. The central banks ofthe US, the EU, the UK, and Japan have also moved to hike interest rates andappreciate their currencies, which has substantially affected other countries,including Vietnam

In the context, he asked ministries, sectors and localitiesto show strong performance in implementing Decree 15/CT-TTg on maintainingmacro-economic stability, reining in inflation, promoting development andensuring major economic balances.

He underlined the need to manage the monetary policy in a cautiousand steady manner, ensuring its activeness, flexibility and efficiency, along with an open,reasonable and efficient fiscal policy.

The PM requested the Ministry of Planning and Investment tokeep a close watch on the situation to make timely policy responses, whileworking to speed up the public investment capital disbursement for threenational target programmes and the economic recovery and development programme,and promote investment.

PM assigns tasks to overcome difficculties, ensure macro-economic stability ảnh 2Illustrative image (Source: VNA)
The ministry was directed to ensure the security and safety of currency, credit, finance, public debt, food, energy and information, whilereviewing and completing institutions, mechanisms and legal policies to removeobstacles facing production and business activities.

Meanwhile, the Ministry of Agriculture and Rural Developmentwas asked to ensure absolute food security, speeding up agriculturalrestructuring and promote exports of farm produce.

The Ministry of Industry and Trade was urged to develop thedomestic market and expand international markets, ensuring energy security andstriving for trade surplus.

The Ministry of Labour, Invalids and Social Affairs wasassigned to make sure that the labour market develops in a sustainable, safe andeffective manner, while showing stronger performance in social welfareactivities.

The PM also asked media agencies to help promote solidarity and unity in the political system and call for the community’s support for the Party and State’spolicies and the Government’s management, contributing to the common efforts to overcome difficulties./.
VNA
#Prime Minister Pham Minh Chinhm #inflation #monetary policy #fiscal policy #Vietnam #Vietnam news #Vietnam News Agency
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