Prime Minister requests move to curb inflation (29/02)
06/08/2010 - 24 Lượt xem
Addressing the regular cabinet meeting on February 28, the PM said the rise in consumer prices has been triggered by a world price hike and partly by inappropriate monetary policies that must be improved.
He asked the Finance Minister and the Governor of the State Bank of Viet Nam to report promptly on the situation so the government can adjust the macro economy and monetary policies if necessary.
The government leader also asked for comprehensive measures to ensure the stock market develops in a stable manner and to help investors, particularly small ones, avoid risks.
In addition, he cited production acceleration, export increase and trade deficit decrease as other tasks for ministries and agencies next month.
In the first two months of this year, the consumer price index rose by 6.02 percent. The financial and monetary market also saw an increase in interest rates on Viet Nam dong, a decrease in stock indexes and the appreciation of Viet Nam dong against the US dollar.
Industrial production increased by 16.3 percent from the same period last year but failed to fulfill a government-set target of 17.5 percent.
Meanwhile, agricultural production was hit by a prolonged cold spell, which damaged 146,000ha of rice and killed 63,000 cattle, causing a total loss of around 400 billion VND.--Enditem
Source: Vnagency
