Socio-economic performance sees bright color in Feb
19:12 | 06/03/2012

VGP – The Cabinet members agreed that solutions to curb inflation and stabilize the macro-economy are taking effect at their regular meeting on March 5-6 to discuss socio-economic performance in February.

Photo: VGP

They referred to a slight increase 1.37% in consumer price index and a decrease to some extent in interest rates, particularly that of loans for agriculture, rural development and export activities.

Other positive signals reflected in the economy included stability in the foreign currency market, improvments in foreign currency liquidity, and a fall in foreign exchange rate.  

Exports surged 24.8% against the same period last year while trade deficit accounted for 4.1% of Việt Nam’s total export revenue.  Total retail sales of goods and services rose by 22%.

International arrivals recorded a 27.1% rise, the Government said.

Though delighted wih these positive signs, the Cabinet members, however, agreed that a number of difficulties still remain ahead.

They worried that inflation and interest rates, though being put under control, still stay high, industrial production is moving forwards slowly, prolonged cold spell in the North is adsersely affecting crops and avian influenza is posing a threat of spreading over a large number of localities.

Export turnovers of many key farm products are dealing with a drop and people in poor districts, ethnic minorities, and remote areas are still facing difficulties, they said.

By Hải Minh

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