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Submitted by honghanh on Wed, 04/09/2008 - 10:30
Prime Minister Nguyen Tan Dung has asked Ho Chi Minh City to control inflation and maintain its growth as the country’s economic mainstay.

Chairing a regular meeting between the Government and the city’s authorities on April 8, PM Dung praised the local authorities’ efforts to overcome difficulties caused by runaway inflation in the first quarter.

 

PM Dung asked the local authorities to get on with the get up with the main tasks, including mechanism perfection, infrastructure development, administrative reform and human resources training.

 

He instructed them to ensure capital resources for production and export, and improve tax policies aimed at facilitating exports and limiting the trade deficit.

 

He also asked relevant ministries and agencies to coordinate with the local authorities to reduce public investment, ensure the supply-demand balance of essential goods in order to prevent price hikes.

 

To cut administrative spending by 10 percent, the government leader demanded thrift practice not only by State agencies but also by citizens.

 

He reminded the local leaders to take better care of low-income people, particularly workers in industrial zones.

 

In the first quarter this year HCM City recorded a growth rate of 11 percent. However, the city is still facing further price hikes with the consumer price index rising 7.2 percent over last year.

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