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VN continues to stabilize macro-economy, curb inflation

In Uncategorized on January 8, 2011 at 4:06 am

Deputy Prime Minister Nguyen Sinh Hung has stressed macro-economic stability and inflation curb as first, leading and consistent goals for next year.

The garment and textile sector is one of Vietnam’s key sectors (Photo: SGGP)

“This is the Government’s managing message,” the Deputy PM said at a Government conference on the implementation of the National Assembly’s resolution on socio-economic tasks and State budget for 2011 in Hanoi on Dec. 30.

Next year, he said, efforts must be made to renew growth model, step up economic restructuring, ensure social security and sustainable poverty reduction, improve people’s material and spiritual life, maintain national defense, security, social safety order as well as raise Vietnam’s position in the international arena.

In 2010, Vietnam reached targets and obtained great achievements in the context of difficulties and changes, Deputy PM Hung said, adding that the achievements and efforts of the political system helped Vietnam escape from the status of poor country and become a mid-income one.

The conference with localities, chaired by Prime Minister Nguyen Tan Dung, analysis and reviewed the outcomes and implementation of resolutions on measures to ensure macro-economic stability, curb high inflation and obtain economic growth rate of 6.5 percent in 2010.

Participants to the conference agreed that the national economy has recovered remarkably thanks to the Government’s effective management and drastic measures.

Minister of Planning and Investment Vo Hong Phuc also attributed synchronous and effective implementation of the government’s solutions to the country’s economic recovery, high growth rate and improvement of business environment.

Regarding price and commodity management and control, Finance Minister Vu Van Ninh said his ministry and the Ministry of Industry and Trade adjusted prices of electricity, petroleum in line with the market price roadmap.

Governor of the State Bank of Vietnam (SBV) Nguyen Van Giau briefed flexible and careful control of the monetary policy in order to keep growth rates of means of payment at 20 percent, credit at 25 percent, interest and exchange rate as at level as conditions and goals of the macro-economy.

Source: SGGP

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