Vietnam Continues to Focus on Anti-inflation in 2009

Vietnam will continue to focus on measures to fight inflation and ensure macroeconomic stability, social welfare and sustainable growth in 2009, said Prime Minister Nguyen Tan Dung.

 

The country will strive to attain a GDP growth rate of between 7 per cent and 7.5 per cent next year, Dung said in the instructive on building up a national socio-economic development plan and state budget estimates for the year, the Thoi Bao Kinh Te newspaper said.

 

The PM urged ministries and agencies to implement synchronous measures to promote production, services and investment, and to boost economic restructure towards higher proportions of service and industry.

To reduce trade deficit, the PM asked sectors to take measures to boost exports and closely control import activities.

To curb inflation, the government leader asked sectors, localities and enterprises to ensure balance of goods supply and demand, particularly materials for production and essential goods, while developing a distribution network to ensure goods supply at rational prices.

 

The PM asked to focus investment resources on socio-economic infrastructure projects, particularly national key projects.

 

He instructed to tighten investment capital management, accelerate the disbursement of official development assistance (ODA), and attract and disburse more foreign direct investment (FDI).

 

Vietnam will also boost restructure and privatization of the state-owned enterprises, Dung said.

 

The Ministry of Planning and Investment and the Ministry of Finance are assigned to implement the national socio-economic development plan and state budget estimates 2009 and report to the PM in September 2009. (Vietnam Economic Times, VNA)