Hanoi (VNA) – Prime MinisterPham Minh Chinh chaired a conference in Hanoi on September 12 to continueseeking measures for keeping macroeconomic stability, controlling inflation,boosting growth, and ensuring major balances of the economy in the currentcontext.

The conference gathered ministers,heads of ministries and sectors, economists, and representatives ofinternational organisations in Vietnam. It followed a meeting on July 28 betweenthe Government and some ministries and sectors that also discussed short- andlong-term solutions to achieve the targets.

The PM pointed out that fast andcomplex developments in the global situation, including the fierce strategiccompetition, mounting inflationary pressure, changed monetary policies in somecountries, growing crude oil and input material prices, and complicated climatechange, have greatly impacted Vietnam.

Under theParty’s leadership and thanks to people and businesses’ engagement and experts’advice, Vietnam has managed to keep the macro-economy stable, put inflation undercontrol, promote growth, and ensure major balances.

International organisations have givenpositive assessments on the country’s economic situation and prospects, henoted, adding that Moody’s has raised Vietnam’s sovereign rating to Ba2 fromBa3 with a “stable” rating outlook, Nikkei given Vietnam the second place inthe global COVID-19 Recovery Index rakings (up 12 positions), and the WB andIMF revised up their growth forecasts for the country.

However, PMChinh noted, there are more difficulties and challenges than opportunities andadvantages, so it is necessary to find out and create risk management tools.

In the current context, governanceactivities must be aligned with the reality and conducted in a flexible, appropriateand effective manner, he added.

The Governmentleader said after the conference, he will issue a directive on urgent issuesand then a Government resolution to ensure more comprehensive leadership overthe work./.