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Submitted by ctv_en_4 on Tue, 09/30/2008 - 19:35
The Government will continue to apply market mechanisms to the national economy and provide assistance to people living in special difficult circumstances, said Prime Minister Nguyen Tan Dung at the Cabinet meeting in Hanoi on September 30.

Mr Dung praised ministries, sectors and localities for their great efforts to achieve a GDP growth rate of 6.52 percent in the past nine months.


However, he asked them to keep a close watch on global economic developments, particularly the US’s volatile financial market, to draw up rescue plans to stabilise the national economy.


According to the PM, from now till the end of the year, Vietnam will continue to implement a tight but flexible monetary policy, increase exports and reduce the trade deficit to less than 30 percent of total export value. In addition, ministries, sectors and localities will ensure an adequate supply of essential commodities such as oil and petrol, medicine, cement, steel, food and foodstuffs as the upcoming Lunar New Year is drawing near.


He asked ministries and sectors to deal strictly with businesses which produce fake goods and show signs of smuggling and trade fraud. He also asked them to iron out business snags to boost production and exports, speed up the disbursement rate of capital sources and effectively implement social welfare policies, particularly in the 61 poorest districts across the country.

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