Gov’t centers on price control and stable goods supply

December 02, 2010 | 21:24

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PM Nguyen Tan Dung recently asked relevant ministries, sectors and localities to take synchronous measures to rein in inflation and stabilize macro-economy and domestic markets.

PM Nguyen Tan Dung presides over the Government’s November 2010 regular meeting, Hanoi, December 1, 2010

The Cabinet on December 1 held its regular meeting to evaluate the socio-economic performance in November and the first eleven months, and seek measures in the rest month of the year.

* Better production and business outcomes

In the reviewed period, industrial production expanded rapidly at 13.8 per cent; agro-forestry-fishery sector was on the rise; the total retail sales of goods and services went up 25 per cent

Especially, 16 types of exports got over $1 billion revenues.

In response to consecutive floods in central provinces, the Government instructed ministries, agencies and local authorities to provide emergency relief and secure lives and property for flood-hit areas.

The Government allocated VND 6,400 billion from the State budget to assist flood victims in getting out of difficulties.

However, CPI went up to 1.86 per cent month-on-month, the record high over the last nine months, causing negative impacts on production and livelihood of people.

The Government convenes its November 2010 regular meeting in Ha Noi on December 1, 2010

* Top measures: price curbing and macro-economic stability

Government chief Nguyen Tan Dung requested his inferiors to drastically implement Directive 2164/CT–TTg for stronger production and price stabilization during the upcoming Lunar New Year Festival.

The State Bank of Vietnam was instructed to control exchange rates, gold prices and lure investment into production and business activities.

Ministries and local authorities will be in charge of resolving policy and mechanism barriers, speeding up administrative reforms, boosting production and ensuring the demand-supply balance./.

VGP

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