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Gov’t chief orders stronger price management during new year festival
PM Nguyen Tan Dung requested Cabinet members and localities to strengthen management over the market to ensure prices are stable, especially during the Lunar New Year festival.
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PM Nguyen Tan Dung chairs the Government regular meeting for January, Hanoi, January 28, 2011 |
The Government chief made the request while chairing the first Cabinet meeting of the year in Ha noi on January 28.
PM Dung asked localities nationwide to take care of social policy beneficiaries and poor families, to help them enjoy a happy festival.
Ministries and localities are urged to speed up production to ensure the supply of essential commodities and petrol during the festival and the first quarter of the year as well.
PM Dung ordered the State Bank of Vietnam to take measures to reduce interest rates gradually while ensuring a sufficient amount of hard currency for import of petrol products.
Macro-economic stability and inflation curbing are among first priorities in coming months, PM Dung stressed.
Regarding the country’s socio-economic performance in January, the Cabinet members agreed that the Government’s Resolution on stabilizing prices and market and promoting production has been effectively implemented.
January’s industrial production registered a growth rate of 16.1 per cent. Export value expanded 18.1 per cent, to $6 billion, making the trade deficit level lower than December’s, 2010.
The consumer price index rose 1.74 per cent, lower than the two previous months.
The first month this year also saw a surge in the number of foreign tourist arrivals, retail sales and service revenues.
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