Gov’t to tighten securities, real estate management

VGP – The Government has assigned the Ministry of Construction, in collaboration with the Ministry of Finance and other relevant agencies to finalize a PM’s Directive on expanded management over securities and real estate markets.

July 06, 2011 3:11 PM GMT+7

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The move was made following the joint reports presented by the Minister of Construction and Minister of Finance at the two-day regular meeting of the Cabinet recently.

The Directive is required to outline synchronous solutions to secure stable and healthy operations of the two markets as part of the Government’s efforts to stabilize the macro-economy.

It is among the key missions defined in the Government’s Resolution No. 86/NQ-CP which was signed by Prime Minister Nguyễn Tấn Dũng on July 5.

The resolution also says the Government will still prioritize curbing inflation, stabilizing the macro-economy, and guaranteeing social welfare in the second half of 2011.

In the first six months, a number of positive signals were recorded with falling consumer price index and interest rates, rising foreign currency reserves, controlled credit growth, downsizing trade deficit, and soaring export revenues.

By Hải Minh