Prime Minister Nguyen Tan Dung has asked the State Bank of Vietnamto press ahead with drastic action to keep inflation at a single digitfigure and maintain an appropriate economic growth of 6 percent.
Maintaining economic growth at an appropriate rate will contribute tostabilising the macro economy and ensuring social welfare, Cabinetmembers said at their monthly meeting in Hanoi on March 31 and April1 to review the country’s socio-economic performance in March and thefirst quarter of the year.
Concluding the meeting,PM Dung said positive signals in the country’s socio-economicdevelopment in the first quarter of this year showed that “we are on theright track.”
He cited a gradual decline in consumer priceindex, a rise of 23.6 percent in export value and the creation of jobsfor 341,000 people, adding “the target of curbing the inflation rate to asingle digit is possible.”
However, the governmentchief pointed out challenges and difficulties, noting a slowdown in GDP,and high input cost that has badly affected the processing andmanufacturing industries.
He requested that the SBV must quicklysolve bank-related issues such as clearing bad debts, ensuringliquidity, handling banks with weak performance and keeping interestrate stable.
At the meeting, ministries and agencies were askedto thoroughly practise thrift, fight waste and raise efficiency ininvestment, production and business.
They were requested to review tax and fee policies for matching with reality and well implement social welfare policies.
Thesynchronous implementation of traffic congestion and accident reductionsolutions and information dissemination on the issue were alsorequired.
At the meeting, the Cabinet member discussed the masterplan on economic restructuring, a draft resolution to amend theNational Assembly’s Resolution No.49/2010/QH12 on national key projectsand programme, and the Vietnam Science-Technology Development Strategy.
They also gave opinions on the bill on preventionand combat terrorism and amendments and supplements to some articles ofthe Law on Science and Technology and the Law on Employment.
They heard supplementary reports on State budget fulfillment in 2011,State budget work in 2012 and State budget estimation in 2010.-VNA
Maintaining economic growth at an appropriate rate will contribute tostabilising the macro economy and ensuring social welfare, Cabinetmembers said at their monthly meeting in Hanoi on March 31 and April1 to review the country’s socio-economic performance in March and thefirst quarter of the year.
Concluding the meeting,PM Dung said positive signals in the country’s socio-economicdevelopment in the first quarter of this year showed that “we are on theright track.”
He cited a gradual decline in consumer priceindex, a rise of 23.6 percent in export value and the creation of jobsfor 341,000 people, adding “the target of curbing the inflation rate to asingle digit is possible.”
However, the governmentchief pointed out challenges and difficulties, noting a slowdown in GDP,and high input cost that has badly affected the processing andmanufacturing industries.
He requested that the SBV must quicklysolve bank-related issues such as clearing bad debts, ensuringliquidity, handling banks with weak performance and keeping interestrate stable.
At the meeting, ministries and agencies were askedto thoroughly practise thrift, fight waste and raise efficiency ininvestment, production and business.
They were requested to review tax and fee policies for matching with reality and well implement social welfare policies.
Thesynchronous implementation of traffic congestion and accident reductionsolutions and information dissemination on the issue were alsorequired.
At the meeting, the Cabinet member discussed the masterplan on economic restructuring, a draft resolution to amend theNational Assembly’s Resolution No.49/2010/QH12 on national key projectsand programme, and the Vietnam Science-Technology Development Strategy.
They also gave opinions on the bill on preventionand combat terrorism and amendments and supplements to some articles ofthe Law on Science and Technology and the Law on Employment.
They heard supplementary reports on State budget fulfillment in 2011,State budget work in 2012 and State budget estimation in 2010.-VNA
