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7:04 AM, 02/04/2008

Business community to join hands with Gov’t in deflation

VNGOP - “All economic groups and enterprises should promptly check their investment projects and expenses to do production and business with best results, joining efforts with the Government to curb inflation, stabilize macro-economy, maintain social welfare and sustainable growth", PM Nguyễn Tấn Dũng stresses in the meeting with State-run groups and corporations on April 1 in Hà Nội.

PM Nguyễn Tấn Dũng: Difficulties should be converted into advantages – Photo: VNGOP

PM Nguyễn Tấn Dũng stated that, State-run groups and corporations, an economic sector contributing 40% of GDP, should join hands with the Government in putting the set solutions into reality.

The Government chief asked enterprise, depending on their business fields, should proactively take part in restraining inflation and boosting economic growth as well as converting difficulties into their own advantages.

To fulfill this goal, PM Dũng ordered the groups and corporations to remove ineffective projects and pour capital into feasible ones. Then they should readjust their investment and business strategies in conformity with the real situations on the world and domestic markets, so as to raise the efficiency and minimize risks in business activities.

Economic groups and enterprises should check their expenses to fruitfully do production and business – Photo: VNGOP

The PM asked the groups and corporations to save production and administrative costs, reduce cost price, and improve competitiveness of their products. Under the current conditions, they must maintain the demand-supply balance and not put up prices.

It is necessary to promote the production and export of commodities of high value and sales, said PM Dũng. He also placed importance on developing export market, increasing products’ quality, and stabilizing the supplies and prices of primary goods, especially petroleum, steel, cement, food and medicines.

The delegates showed their consensus to the Government’s determination to curb inflation, stabilize macro-economy, and maintain sustainable economic development.

By Hoàng Phương

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