Gov’t pledges to continue incentives for long and medium loans
VGP – At its regular meeting for November, the Government adopted the plan on socio-economic development for 2010, pledging to continue providing interest rate incentives for long and medium-term loans in order to stimulate growth.
All members of the
Government were unanimous that the socio-economic situations in November
continued to see positive signals of recovery, especially shown in industrial sector
and domestic market.
PM Nguyễn
Tấn Dũng (center) and his deputies preside over the Government’s November
regular meeting, Hà Nội, December 1, 2009 – Photo: VGP
Last month, industrial
production value grew up 13% against November last year. The growth rate
reaches 7.3% in 11 months in comparison to the same period of 2008.
The domestic consumption
has significantly recovered when the total retail sale increased by 18.5% against
the same period last year.
In the 11 months, 765,000
new enterprises have registered their operation, up over 28% compared to the
same period.
The Government opens its November regular meeting in Hà Nội, December 1, 2009 – Photo: VGP |
Right at the meeting, PM Nguyễn
Tấn Dũng made a series of decisions to stimulate economic growth.
The Government chief
decided to stop interest rate incentives applied for short-term loans by
December 31, 2009).
For long and medium-term
loans and loans for purchasing machinery, equipment and agricultural input
materials, proper adjustments will be announced soon.
It is important that, stressed
the PM, “all sectors, echelons and the whole people should do their best to
make full use of opportunities and overcome difficulties to realize the set
targets of 2009 and 2010.”
Việt
By Xuân Hồng