Gov’t centers on price control and stable goods supply

PM Nguyễn Tấn Dũng presides over the Government’s November 2010 regular meeting, Hà Nội, December 1, 2010 – Photo: VGP/Nhật Bắc

The Cabinet on December 1 held its regular meeting to evaluate the socio-economic performance in November and the first eleven months, and seek measures in the rest month of the year.

* Better production and business outcomes

In the reviewed period, industrial production expanded rapidly at 13.8%; agro-forestry-fishery sector was on the rise; the total retail sales of goods and services went up 25% year-on-year.

Especially, 16 types of exports got over US $1 billion revenues.

In response to consecutive floods in central provinces, the Government instructed ministries, agencies and local authorities to provide emergency relief and secure lives and property for flood-hit areas.

The Government allocated VND 6,400 billion from the State budget to assist flood victims in getting out of difficulties.

However, CPI went up to 1.86% month-on-month, the record high over the last nine months, causing negative impacts on production and livelihood of people.

The Government convenes its November 2010 regular meeting in Hà Nội on December 1, 2010 – Photo: VGP/Nhật Bắc

* Top measures: price curbing and macro-economic stability

Government chief Nguyễn Tấn Dũng requested his inferiors to drastically implement Directive 2164/CT–TTg for stronger production and price stabilization during the upcoming Lunar New Year Festival.

The State Bank of Việt Nam was instructed to control exchange rates, gold prices and lure investment into production and business activities.

Ministries and local authorities will be in charge of resolving policy and mechanism barriers, speeding up administrative reforms, boosting production and ensuring the demand-supply balance./. 

By Hương Giang