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Submitted by unname1 on Mon, 06/04/2012 - 19:49
Delegates to an international seminar in Quang Tri province on June 4 recommended that Vietnam implement monetary, credit, consumption and production solutions to control market prices and stabilize its macroeconomy.

In the context of the slow economic recovery, these solutions will help shore up business production, fuel domestic sales and revitalize the stock and property markets, said the delegates.

They stressed the need to accelerate the implementation of both domestic and foreign-invested projects so as to increase overall demand, reduce stockpiles and promote economic growth.

Deputy Minister of Planning and Investment Cao Viet Sinh said the Vietnamese Government is taking measures to generate jobs for local people and reduce the unemployment rate in industrial zones. The Government is also focusing on ensuring social welfare and increasing the effectiveness of official development assistance (ODA) and foreign direct investment (FDI) loans.

The seminar, held jointly by the Ministry of Planning and Investment and the World Bank (WB), was part of the 2012 mid-term Consultative Group (CG) Meeting due to open in the central province of Quang Tri on June 5.

Deputy Prime Minister Hoang Trung Hai attended the seminar together with representatives from ministries, central agencies, provinces and cities, as well as international donors.

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