• An Giang
  • Binh Duong
  • Binh Phuoc
  • Binh Thuan
  • Binh Dinh
  • Bac Lieu
  • Bac Giang
  • Bac Kan
  • Bac Ninh
  • Ben Tre
  • Cao Bang
  • Ca Mau
  • Can Tho
  • Dien Bien
  • Da Nang
  • Da Lat
  • Dak Lak
  • Dak Nong
  • Dong Nai
  • Dong Thap
  • Gia Lai
  • Ha Noi
  • Ho Chi Minh
  • Ha Giang
  • Ha Nam
  • Ha Tinh
  • Hoa Binh
  • Hung Yen
  • Hai Duong
  • Hai Phong
  • Hau Giang
  • Khanh Hoa
  • Kien Giang
  • Kon Tum
  • Lai Chau
  • Long An
  • Lao Cai
  • Lam Dong
  • Lang Son
  • Nam Dinh
  • Nghe An
  • Ninh Binh
  • Ninh Thuan
  • Phu Tho
  • Phu Yen
  • Quang Binh
  • Quang Nam
  • Quang Ngai
  • Quang Ninh
  • Quang Tri
  • Soc Trang
  • Son La
  • Thanh Hoa
  • Thai Binh
  • Thai Nguyen
  • Thua Thien Hue
  • Tien Giang
  • Tra Vinh
  • Tuyen Quang
  • Tay Ninh
  • Vinh Long
  • Vinh Phuc
  • Vung Tau
  • Yen Bai

Economy stabilized, Gov’t says

VGP – The national economy has been developing stably in the first seven months with key indictors on rise, the Cabinet members agreed at regular meeting on Sunday.

July 24, 2011 5:01 PM GMT+7

The Government continues to prioritize inflation curbing in the last months of 2011 - Photo: VGP

Specifically, the country’s export turnover reached over US $51 billion in the reviewed period, tripling the preset target.

The total retail sales of goods and services increase rapidly against the same period last year, according to the government’s report.

Moreover, industrial and agricultural production continued to record high growth rates, with July’s industrial production index rose by 9.6%.

In addition, consumer price index, rose 1.17% in July, is much lower than the figure in the first six months.

Regarding social welfare, a number of policies on such areas like poverty reduction, credit assistance to poor households, provision of medical insurance cards, school fees exemption for poor and ethnic households, and job creation have been fruitfully implemented.

Accordingly, over 850 million jobs were created, some 16.9 million tons of food and VND 9.2 billion were allocated to assist the poor in the first seven months.

The Government, however, noted that the country still faces an array of challenges, including complicated fluctuation of the world’s prices and domestic storm season in the second half of the year, making it difficult for the Government to control inflation and stabilize macro-economy.

The introduction of tightened monetary policy during the past months also caused some obstacles to businesses’ operations, particularly for small and medium-sized enterprises.

PM’s instructions

Concluding the meeting, PM Nguyễn Tấn Dũng requested ministries, sectors and localities to synchronously and effectively implement measures to control inflation, stabilize macro-economy and ensure social welfare while strive for reasonable economic growth rate.

Resources should be prioritized for improving the competitiveness of commodities, expanding export markets in a bid to reduce trade deficit.

The Ministry of Industry and Trade was asked to launch key power projects to ensure power for production and daily life.

Also at the meeting, the Cabinet members commented on a Report of the outcomes of the Government Working Rules’ implementation which were presented by Minister-Chairman of the Office of Government Nguyễn Xuân Phúc.

This is the last regular meeting of the 12th Government. PM Dũng suggested that the 13th Government should clarify functions and obligations of ministries, sectors to avoid overlapped missions; strongly renovate socio-economic forecast capacity.

The Government chief also urged ministries, sectors and localities to better update information for people. 

By Hải Minh