Prime Minister Nguyen Tan Dung made this announcement at the closing session of the regular Government meeting on September 25-26 in Hanoi to discuss socio-economic developments in September and the first nine months of this year. 

PM Dung said that during more than six months of implementing the Party Politburo’s Conclusion No. 2 and Government Resolution 11, the country’s socio-economy saw initial achievements in controlling inflation and stabilizing the macro-economy.

He asked the State Bank of Vietnam to focus on controlling bad debts, adopt measures to lower interest rates and closely monitor foreign exchange rates, while continuing a tight monetary policy and providing capital for agricultural production and small and medium-sized enterprises.

The PM also asked ministries, sectors and localities to continue examining and raising the efficiency of public investment, to ensure capital for projects close to completion, especially electricity projects, and to help enterprises with priority to be given to agricultural production and natural disaster control.

For the operation of State-owned enterprises over the past five years and plans for the next period, the PM asked the Finance Ministry to build a project on renovating State-owned enterprises with a focus on restructuring economic groups and corporations.

He asked ministries and sectors to strictly review management practices and to include socio-economic development goals in plans for 2012.   

VNA