Apr 1, 2013

Vietnam - Hanoi devises solutions to curb inflation

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The national economy still faces challenges in 2013, so Hanoi has devised solutions to keep inflation in check this year.

The focus will be on controlling interest rates and monitoring the trading of foreign currencies and gold on the local market to avoid risks in the banking and monetary sectors.

The capital city will also speed up the disbursement of funds for capital investment construction projects and remove obstacles for businesses.

In the second quarter of this year, specific policies will be developed to support businesses in terms of financing to expand their investment and business activities.

Hanoi has paid attention to developing services to support businesses, distribute electricity properly, stabilize production and generate jobs.

This year, it aims to concentrate on expanding trade promotion, seeking partners, boosting investment and broadening export markets. The city will continue to improve its image during the National Tourism Year of the Red River Delta, as well as tourism fairs in Hai Phong and the Asian Network of Major Cities 21 (ANMC21) to be held in the future.

It will also accelerate planning, control investment from State budget capital sources and government bonds, and implement effective Build-Operate-Transfer (BOT) projects to attract FDI and ODA sources, as well as speeding up the implementation of major transport projects.


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