| | PM Nguyễn Tấn Dũng at the first session of the Gov’t regular meeting - Photo: VNGOP | After listening to reports on socio-economic situations in March and first quarter of 2008, on agro-industrial production and export; on market prices; and on curbing inflation presented by leaders of the ministries of Planning and Investment, Industry and Trade, Agriculture and Rural Development, Finance, and the State Bank, PM Nguyễn Tấn Dũng pointed out that high trade gap, declining stock market and rocketing prices are negative signals for macro-economic stability and low-income people’s life. | | The Government regular meeting in March 2008 - Photo: VNGOP | According to many economists, the world economy will continue to go down. Việt Nam, the country is importing over 80% of materials and receiving 35% of foreign investment capital, will surely suffer the negative impacts caused by the world economy’s changes. Thus, PM Dũng and his Cabinet agreed to readjust the GDP norm and inflation index in 2008 in line with the new contexts. The Government will give priorities to curbing inflation, maintaining growth, ensuring social welfare, and assisting the poor and disadvantaged communities. The PM highlighted the following eight solutions: First, to realize monetary policies in a strict and flexible way to prevent inflation, stabilize macro-economy and mobilize more capital resources for development; Second, to raise income, minimize public expense, and use the State budgets fruitfully; Third, to balance the demand and supply of primary materials (fuels, electricity, cement, steel, fertilizers, and herbicides) and consumer goods; Fourth, to tighten market and price control, preventing speculation; Fifth, to promote export of such competitive products as aquaproducts, textiles, apparel, footwear: Sixth, to deal with all difficulties in order to facilitate investment and business activities; Seventh, to assist the communities vulnerable to natural calamities and price escalation, especially the poor, ethnic minorities and people living in remote and disadvantaged areas; Eighth, to provide accurate information on mass media about the country’s strengths and advantages./. By Hồng Uyên |
