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PM orders maintaining macro-economic stability

Prime Minister Pham Minh Chinh emphasised specific tasks for maintaining macro-economic stability, controlling inflation and managing monetary and fiscal policies flexibly while addressing a regular Government meeting in Hanoi on April 29.
PM orders maintaining macro-economic stability ảnh 1Prime Minister Pham Minh Chinh speaks at the Government meeting on April 29. (Photo: VNA)
Hanoi (VNA) – Prime Minister Pham MinhChinh emphasised specific tasks for maintaining macro-economic stability,controlling inflation and managing monetary and fiscal policies flexibly whileaddressing a regular Government meeting in Hanoi on April 29.

Pointing out positive signs in April, the PM said the macro-economy has remained stable with major economic balancesensured, while national defence and security have been safeguarded and externalrelations enhanced.

He noted anti-corruption, communications,institutional building and law enforcement efforts, saying that people’s materialand spiritual lives have been ensured and their trust in the Party and Stateconsolidated and enhanced, while Vietnam’s reputation and position in theinternational arena have improved.

Achievements recorded last month and in the firstfour months of this year have created a foundation for the country to recoverand grow, the PM said.

However, challenges still remain, such as risks tomajor economic balances, pressure on increasing inflation, bad debts, financial risks,slow public investment disbursement, and sluggish implementation of the socio-economicrecovery and development programme, he said.

Chinh said major tasks and solutions set out inthe programme should be rolled out concertedly to benefit people andbusinesses. He ordered the establishment of a steering committee for theimplementation of the programme and assigned specific tasks to deputy prime ministers.

He also laid emphasis on the need to effectivelydeploy policies in support of interest rates and develop the capital markettransparently, safely and sustainably.

Efforts should be made to push ahead with thedisbursement of public investment, especially official development assistance(ODA) and foreign preferential loans, while reviewing pending projects.

Ministries, agencies and localities were asked toremove obstacles to production and business, fine-tune administrativeprocedures, keep a close watch on market developments, ensure goodscirculation, and adopt solutions to cope with natural disasters.

He also urged them to keep a close eye onthe global economy, particularly inflation and prices of fuel and strategicmaterials, and set out suitable scenarios to manage domestic production andensure a supply-demand balance and price stability.

The PM urged the tourism recovery and prompt completionof preparations for the 31st Southeast Asian Games (SEA Games 31), which areexpected to help Vietnam promote its image to the region and the world.

Chinh also mentioned tasks in national defence andsecurity, external affairs and communications.

The socio-economic situation showed positive signsin April, with the consumer price index (CPI) up 2.64 percent year-on-year, thelowest level compared with the previous period since 2017, and State budgetcollection up 13.3 percent.

This month’s industrial production expanded 2percent month-on-month and 9.4 percent year-on-year. The value in the firstfour months increased 7.5 percent. Meanwhile, exports in the four months wereup 16.4 percent, while imports were up 15.7 percent, with a trade surplus ofabout 2.5 billion USD.

The number of international tourists in April increased5.2 times and in the four  months rose184.7 percent year-on-year./.
VNA

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