Viet
Nam Prime Minister Nguyen Tan Dung called on relevant bodies to continue
efforts in capping inflation at 18 per cent and ensuring a GDP growth rate of 6
per cent this year as set out in Resolution No 11.
The request was made at a Cabinet meeting held
in Ha Noi from November 3-4 during which the PM also suggested a focus on
restructuring public investment to reduce State spending.
New, quality based sources of investment were
desperately needed, he said, urging the early submission of State-owned
business restructuring proposals to improve operational efficiency.
In terms of social security policies, the PM
urged more attention to people in flood-hit areas and the efficient
implementation of poverty reduction policies alongside the management of
disease, traffic safety and administrative reform.
It was revealed that, thanks to the timely
implementation of measures to curb inflation, stabilise the macro-economy and
ensure social welfare since the beginning of the year, the country's
socio-economic situation has shown positive results, with a three-fold increase
in exports and a sharp decrease in trade deficit.
Inflation has been successfully controlled,
with the consumer price index (CPI) up only 0.36 percent, the lowest rise since
September 2010.
However, the domestic economy was still facing
many difficulties and challenges due to high interest rates, increasing foreign
currency demands, inflationary pressure, natural disasters and disease.
Cabinet members suggested removing obstacles
in order to speed up the disbursement of investments related to projects
expected to complete this year while implementing measures to stabilise prices
and overcome the consequences of flooding.
Governor of the State Bank of Viet Nam Nguyen
Van Binh affirmed that the bank would work hard to ensure the liquidity of the
banking system, prevent credit organisations from bankruptcy and continue
reducing the interest rate ceiling.
The News Desk in Ha Noi/Viet Nam News | ANN
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