The first nine months of the year have seen an encouraging economic result with a relatively high economic growth rate, however, to reach the projected goal of 8.5 percent for the whole year, the ministries, sectors and localities should make great effort to reach GDP growth rate 0f 9.3 percent in the remaining three months of 2007, which is seen as quite a challenge.

High demand for input materials, fuels and commodities are reported to have attributed to price fluctuation, thus leaving a negative impact on the production and people’s life.

The Cabinet meeting - Photo: VNGOP

PM Nguyễn Tấn Dũng asked leaders of ministries, sectors and local authorities to soon discover and overcome difficulties in order to facilitate production and business activities; required enterprises to lower their products’ prices by applying advanced technologies, saving materials and fuels, and reducing production costs. He pointed out quite a few Việt Nam’s advantages and advised them to create a favorable environment for domestic and foreign investors.

The PM also urged them (1) to actively overcome the consequences and difficulties caused by the natural disasters and take care of people in the flood-hit areas; (2) to speed up the realization of construction projects; (3) to continue controlling the price escalation lower than economic growth; and (4) to maintain security and order; reduce and prevent traffic accidents.

The Ministry of Industry and Trade was asked to closely collaborate with local authorities in tightening market management; fighting against smuggling and speculation of staple goods; and increasing export activities to narrow the trade-deficits.