Gov’t continues to place importance on macro-economic stability
17:18 | 03/03/2010
VGP – In the next months, the main socio-economic development targets are still to maintain macro-economic stability, curb inflation, stabilize prices, and guarantee social security.

PM Nguyễn Tấn Dũng urges ministries and agencies to prevent high inflation rate – Photo: VGP/Nhật Bắc
Top priority: Macro-economic stability

Socio-economic situations in the first two months of 2010

Industrial production value

Total retail of goods and services

Total export turnover

 

Trade gap

 

CPI (February)

Up 13.6%

Up 27.4% against the same period of 2009

US $8,913 million, up 0.1% against the same period of 2009

US $1,745 million or 19.6% of export turnover

Up 1.96% against January and 3.35% against December

Concluding the two-day regular meeting of the Government, which was wrapped up on Wednesday, PM Nguyễn Tấn Dũng said that the domestic economy is forecast to rebound at a higher rate, especially in industry and service sectors.

However, ministries, sectors and local authorities should strictly follow consistently solutions and programs to secure macro-economic stability, rein in inflation and promote production activities.

PM Nguyễn Tấn Dũng (sitting, R) discusses with some members of the Government at the February regular meeting, Hà Nội, March 2-3, 2010 – Photo: VGP/Nhật Bắc

The Government chief emphasized some following major solutions to fulfill the targets.

- To mobilize all resources for industrial and agricultural production after the Tết holiday;

- To enhance commercial activities through the “Buy Việt Nam” campaign while seeking for and expanding export markets;

- To flexibly apply monetary policies in order to control the total liquidity and credit;

- To tighten the management over the domestic market, prevent speculation and uncontrolled price escalation;

- To minimize traffic accidents and jams, combat crimes and social evils.

The Vietnamese Government resolves to prevent inflation and promote production right in the first months of 2010

Saying “no” to high inflation

PM Dũng urged ministries, agencies and localities to tightly control prices of primary goods in order to stabilize the market and prevent the recurrence of high inflation.

The prices of electricity, coal, and petroleum must be adjusted properly, ordered the PM.

To narrow the trade gap, PM Dũng required stronger export while minimizing the import of unnecessary goods.

By Hồng Hạnh

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