The Government of Vietnam will give priorities for controlling inflation in order to stabilize macro economy, said Prime Minister Nguyen Tan Dung at the meeting with the State Bank of Vietnam (SBV) and State Securities Commission (SSC) March 15.
PM said the slowdown of global economy, the increase of global commodity prices and the inflation spreading in many countries have caused bad impacts on Vietnam’s economy.
Therefore, Vietnam will make efforts to fight inflation, curbing it below last year’s inflation rise, while striving to attain GDP growth as high as possible, Dung said.
The SBV must take urgent measures to rein inflation, carry out interest rate and foreign exchange policies flexibly, build a mechanism to control the safety of banking system, and coordinate with the Ministry of Trade and Industry to tackle difficulties in production and export.
Banks should facilitate export activities and buy foreign currencies of exporters of agricultural, forestry and seafood products.
The Government will not increase prices of electricity and coal at this time, Dung said, asking the Ministry of Trade and Industry to supervise commodity markets to avoid price hike.
PM urged the SSC to closely monitor companies and banks on stock market, make information transparent, sufficient and accurate.
Vietnam will continue to speed up privatization process, but the SSC should consider timing for them to list on exchanges.
Dung believed that the local stock market would continue to develop and grow thanks to the country’s stable politics, high economic growth and control of inflation.
The central bank and State Securities Commission should coordinate with each other to work out measures to deal with inflation, but ensuring stock market growth and stabilizing macro economy, the Government leader said. (Vietnam Economic Times)
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