Updated on : Thứ Tư, 05/09/2012 - 7:11 CH
Gov’t asks for greater efforts to achieve goals
VGP - PM Nguyen Tan Dung on September 5 in Ha Noi presided over the Government’s August regular meeting, asking for greater efforts to achieve the goals set for the whole year.

PM Dung highlights that challenges are lying ahead in the rest of the year, requiring drastic efforts from ministries, agencies and localities, Ha Noi, September 5, 2012 – Photo: VGP/Nhat Bac
The PM and other Cabinet members agreed that the country’s socio-economic performance showed positive signs in the first eight months and in August.   

However, they acknowledged the fact that after falling in first five consecutive months, inflation went up in August, by 0.63%, marking a record high over the last six months.

Applying a flexible monetary policy, large-scale credit packages have been deployed by a number of commercial banks to assist businesses in weathering difficulties.

In the past eight months, export turnover was estimated at US$73.35 billion, seeing a 17.8% year on year increase. However, import value also saw a rise of 6.7 percent to value at over US$73.41 billion.

The reviewed period saw the generation of around one million jobs, which met 64% of the year target. Of the figure, around 54,000 workers were sent to work in other countries.

However, there remain such difficulties as lower export growth rate, a high rate of bad debts, complicated fluctuations in the financial and monetary markets, difficult business environment as well as high inventory rates.

As these challenge the country in the remaining months of the year, PM Dung urged ministries, agencies and localities to make greater efforts to realize the pre-set targets, including a 5.2% GDP growth rate and a 7% inflation rate, through proper execution of financial and monetary policies and provision of preferential credit for the agricultural sector, rural areas, exporters and SMEs. 

He said that it is time to make careful calculations to prepare the 2013 socio-economic development plan in accordance with practical situation.

PM Dung proposed the Government focus on macro-economic stability and inflation curbing to secure a growth rate of around 6%, speed up economic restructuring, especially in the public sector, SOEs and the financial and banking system.

He also noted the necessity of spending cuts, resource mobilization for investment and development and implementation of a market-oriented oil pricing system./.

 By Huong Giang  

Thanh Thuy
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