Prime Minister Nguyen Tan Dung asked ministries, agencies and localitiesto continue making efforts to implement tasks and measures set inGovernment Resolution No. 11, striving to cap inflation at 18 percentand ensuring a GDP growth rate of 6 percent this year.
The Government leader made the request at the Cabinet regular October meeting in Hanoi on Nov. 3-4.
At the meeting, PM Dung suggested ministries, agencies and localitiesfocus on restructuring public investment to reduce the proportion ofinvestments from State capital, and locate other sources for investment.
They should pour investment into urgent projects in combination with improving investment quality, he said.
He asked for the early submission of State-owned businessrestructuring projects to improve the efficiency of the operations ofState-owned enterprises, particularly economic groups and corporations.
Regarding the implementation of social securitypolicies, the PM urged ministries, agencies and localities to pay moreattention to people in flood-hit areas and to continue implementingpoverty reduction policies while controlling disease, ensuring trafficsafety and speeding up administrative reform.
According to Government members, thanks to the timely and drasticimplementation of measures to curb inflation, stabilise themacro-economy and ensure social welfare since the beginning of the year,the country’s socio-economic situation has seen positive results, with athree-fold increase in exports and a sharply decreasing trade deficit.
The inflation has been controlled, with the consumerprice index (CPI) up only 0.36 percent, the lowest increase sinceSeptember 2010.
Many social policies have beenimplemented and recorded positive results, helping to improve people’sliving standards and maintain economic development.
However, they said that the domestic economy is still facing manydifficulties and challenges as high interest rates are hinderingbusiness operations, increasing foreign currency demands andinflationary pressure in the last months of the year, and naturaldisasters and diseases have also created further complexities.
Therefore, the Cabinet members suggested removing difficulties forbusinesses, speeding up the disbursement of investments of projects thatshould be completed this year, as well as implementing measures tostabilise prices and overcome the consequences of floods.
Governor of the State Bank of Vietnam Nguyen Van Binh affirmed thatthe central bank will work hard to ensure the liquidity of the bankingsystem, prevent credit organisations from bankruptcy and continuereducing the interest rate ceiling./.
The Government leader made the request at the Cabinet regular October meeting in Hanoi on Nov. 3-4.
At the meeting, PM Dung suggested ministries, agencies and localitiesfocus on restructuring public investment to reduce the proportion ofinvestments from State capital, and locate other sources for investment.
They should pour investment into urgent projects in combination with improving investment quality, he said.
He asked for the early submission of State-owned businessrestructuring projects to improve the efficiency of the operations ofState-owned enterprises, particularly economic groups and corporations.
Regarding the implementation of social securitypolicies, the PM urged ministries, agencies and localities to pay moreattention to people in flood-hit areas and to continue implementingpoverty reduction policies while controlling disease, ensuring trafficsafety and speeding up administrative reform.
According to Government members, thanks to the timely and drasticimplementation of measures to curb inflation, stabilise themacro-economy and ensure social welfare since the beginning of the year,the country’s socio-economic situation has seen positive results, with athree-fold increase in exports and a sharply decreasing trade deficit.
The inflation has been controlled, with the consumerprice index (CPI) up only 0.36 percent, the lowest increase sinceSeptember 2010.
Many social policies have beenimplemented and recorded positive results, helping to improve people’sliving standards and maintain economic development.
However, they said that the domestic economy is still facing manydifficulties and challenges as high interest rates are hinderingbusiness operations, increasing foreign currency demands andinflationary pressure in the last months of the year, and naturaldisasters and diseases have also created further complexities.
Therefore, the Cabinet members suggested removing difficulties forbusinesses, speeding up the disbursement of investments of projects thatshould be completed this year, as well as implementing measures tostabilise prices and overcome the consequences of floods.
Governor of the State Bank of Vietnam Nguyen Van Binh affirmed thatthe central bank will work hard to ensure the liquidity of the bankingsystem, prevent credit organisations from bankruptcy and continuereducing the interest rate ceiling./.
