Managing tight monetary and financial policies to rein in
inflation remains a key task for 2012, Minister of Finance Vuong Dinh Hue has
said.
Hue said this was being done to
stabilise the macro-economy while helping enterprises overcome their
difficulties.
At a press conference earlier
this week, Hue said that if the situation warranted, the ministry would ask the
government to delay and exempt tax for enterprises as it did this year.
"However, help for
enterprises must have minimum impact on inflation control," he said.
As for the price of essential
products, including electricity, coal, petrol and public services, the minister
said market principles would prevail.
"If we fail to manage
prices well, there is a danger of recurring price hikes," Hue said. "That
is why price inspections are extremely important."
He added that inspections and
auditing would largely focus on the Vietnam National Petroleum Corporation and
Electricity of Vietnam - and that any adjustments would be made in conjunction
with supportive measures for the poor.
On restructuring the economy,
Hue said work must be done on public investment, especially in state-run groups
and corporations.
Other areas of concern are
commercial banks, the stock market, insurance and capital, and the financial
autonomy of public non-business entities.
"The ministry has
completed the drafting of a project on restructuring state-run enterprises. It
received ideas from the government before submitting the outline to the Party
Central Committee and Politburo for approval," he added.
Hue said he hoped the quality
of commodities on the stock market would improve thanks to the acceleration of
the equitisation of major state owned enterprises (SOEs), and that short and
long-term measures for the stock market would soon be announced soon.
"I believe that when the
macro economy improves and measures for the stock markets are applied, the
market will overcome the difficulties and continue to revive and develop in
2012," the minister said.
VIR/VNA
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