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Vietnamese PM urges more efforts to fulfill this year's socio-economic development goals

(Xinhua)

08:51, December 02, 2011

HANOI, Dec. 1 (Xinhua) -- Vietnamese Prime Minister Nguyen Tan Dung instructed ministries and localities nationwide to show determination to fulfill the country's socio-economic development goals in 2011 when he chaired the cabinet regular meeting here on Thursday, reported Vietnam News Agency.

Monetary policy is a decisive factor in curbing inflation and maintaining growth. The State Bank of Vietnam should closely coordinate with ministries and localities in implementing a close, prudent and flexible monetary policy to ensure harmony, said the PM.

The government leader urged ministers to strengthen coordination in addressing emerging issues during the implementation of monetary policy as well as measures to control market prices, restrain the trade deficit, mitigate natural disasters as well as boost administrative reforms, traffic safety and crime prevention.

At the meeting, cabinet members emphasized the need to consistently pursue inflation and macro-economic stabilization measures, and focus resources on implementing breakthroughs in economic restructuring and growth model renovation in the direction of improving efficiency and competitiveness.

A major issue was put in the spotlight with three draft economic restructuring projects, including restructuring of public investment, state-owned enterprises, and the commercial banking system.

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