PM chairs meeting on macro-economic management

VGP – The inter-ministerial working group on macro-economic management and operation on January 22 discussed the declining oil price’s impacts on Viet Nam’s economy in 2015 and proposed measures for the Government on macro-economic management and operation in the future.

January 23, 2015 9:03 AM GMT+7

Photo: VGP/Nhat Bac

Speaking at the meeting, PM Nguyen Tan Dung asked for consistently achieving the set goals for 2015, including a Gross Domestic Product (GDP) growth rate of 6.2%, and an inflation rate of around 5%.

He requested the State Bank of Viet Nam to actively monitor credit growth in line with inflation rate to ensure economic growth.

The PM required monitoring the oil and gas prices with regard to regional prices to prevent cross-border smuggling.

He suggested the Ministry of Finance cooperate with the Ministry of Transport and other relevant ministries to direct the reduction of transport prices before the Lunar New Year.

PM Dung approved in principle the adjustment of electric prices and demanded the Viet Nam Electricity to decrease electricity production cost.

The leader requested the working group do research, evaluate and propose measures on issues affecting Viet Nam’s economy when the nation fully joins all the Free Trade Agreements and integrates into the ASEAN Community by the end of this year, impacts on the distribution and retails markets as well as public debts and the adjustment of some public services fees.

By Thuy Dung