Keeping inflation at a single digit is one of the urgent tasks to help the country maintain a reasonable growth of around 6 per cent for the whole year.
The PM stressed that keeping inflation at a single digit is one of the urgent tasks to help the country maintain a reasonable growth of around 6 per cent for the whole year.
Prime Minister Nguyen Tan Dung emphasised this while chairing the Government’s January meeting in Hanoi on February 4. He continued urging ministries and localities to work harder to stablise the macro economy and implement policies on social welfare, security and national defence.
To achieve these goals, the Government leader asked the State Bank to continue carrying out a flexible monetary policy to ensure the liquidity of the banking system while handling banks with weak performance, gradually reducing interest rates and keeping foreign exchange rate stable.
The prices of coal, electricity and petroleum will be regulated in line with market prices and set roadmap, he said.
According to the PM, ministries and localities should prioritise agricultural and seafood production to maximise the country’s advantages along with removing difficulties for industrial production and restructuring public investment.
They need to effectively implement target programmes on poverty reduction, especially in areas inhabited by ethnic minority people, as well as vocational training and epidemic control.
Mr Dung also asked them to pay due attention to speeding up Party building work, administrative reform and corruption prevention, personnel work, and safeguarding security and national defence.
The Government leader noted positive socio-economic changes recorded in January when the entire country had a long Lunar New Year (Tet) holiday, mentioning a sufficient supply of commodities, stable prices of essential goods, secured security and national defence, and a decrease in traffic accidents.
However, he pointed to problems arising during the reviewed month, including low growths in industrial production, exports and investment.
According to Cabinet members, ministries and localities should focus on ironing out snags for businesses, especially small- and medium-sized enterprises, and increasing their access to capital sources to fulfill socio-economic development tasks for 2012.
They voiced their concerns about traffic safety, the roadmap of regulating market-based petrol prices, nomadic life of ethnic minority people, vocational training and job generation for young rural people, healthcare services at the grassroots level, sustainable poverty reduction and security and social order.
In January, the Consumer Price Index (CPI) grew 1 per cent, the lowest level recorded during Tet in the past ten years. Security and social order were maintained during the time. However, freezing cold in the first month of 2012 affected agricultural production in the northern region.
At the meeting, Cabinet members discussed a draft report summing up the implementation of the 1992 Constitution, and revisions to some articles of the Tax Law and the Law on Natural Minerals.