Photo: VGP/Nhat Bac

Reports at the meeting focused on analyzing and making proposals for issues on the sharp reduction in global oil price and unexpected developments of stock markets, adjustments of international currencies in the context of China’s yuan devaluation as well as other nations’ adjustments in exchanges rates.

The current global oil price could allow State budget collection to reach the set target of 8%, confirmed the Ministry of Finance.

The State Securities Commission and related ministries also affirmed that the stock market will recover and welcome new flows of currencies in the coming time.

Governor of the State Bank of Viet Nam Nguyen Van Binh said there is no reason to continue devaluating the VND.

Delegates asserted that thanks to recent policies, the macro-economy, growth rate targets, inflation, State budge collection, import-export activities and production have been ensured to achieve set targets.

Speaking the event, PM Nguyen Tan Dung appraised efforts of ministries and agencies in closely following the situation and coordinating in proposing prompt and suitable solutions.

There is no sign reversing the macro-economy or adjusting the set targets, he said, adding that unexpected developments in the regional and international economy impose impacts on Viet Nam’s economy, therefore difficulties and challenges should be addressed to seize new opportunities.

The PM also directed ministries and agencies to fulfil set targets, asking them to give top priority to the stabilization of the macro-economy.

It is necessary to stabilize the exchange rate and interest rate, continue launching measures to develop and control the stock market, he said.

The PM also asked for enhancing production, business and investment, including oil and gas production, in accordance with accelerating exports, reducing imports, and combating smuggling and trade fraud.

By Thuy Dung