PM urges efforts to curb inflation, boost growth

Thursday, 2017-03-02 04:14:44
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Prime Minister Nguyen Xuan Phuc
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NDO - Prime Minister Nguyen Xuan Phuc asked ministries and agencies to make an effort to keep inflation under 4% and achieve growth of 6.7% for 2017, as called for by the National Assembly.

These are the two important and closely intertwined tasks, the PM said on February at a regular government meeting.

He tasked Deputy PM Vuong Dinh Hue with working with the State Bank of Vietnam, the Ministry of Finance and other relevant ministries to consider possible scenarios to ensure inflation will not exceed 4%.

He also asked the central bank to pursue a flexible monetary policy and ensure credit will mainly flow into production.

The PM also requested that the Ministry of Planning and Investment formulate a detailed economic restructuring plan, and that the Ministry of Industry and Trade quickly deal with 12 large loss-making projects under its management.

Meanwhile the Ministry of Transport was asked to perfect the legal framework and mobilise resources for the construction of the north-south expressway project.

At the government meeting, PM Phuc also praised the determined efforts by the authorities in Hanoi and Ho Chi Minh City to reclaim walking space on the pavement and punish those illegally occupying it.

After the meeting, Chairman of the Government Office Mai Tien Dung told the media that the PM had ordered competent agencies to probe into the accountability of individuals and organisations related to Formosa’s discharge of toxic waste into the sea.

Earlier former Minister of Natural Resources and Environment Nguyen Minh Quang and former Ha Tinh Secretary Vo Kim Cu were found by the Central Inspection Commission to have failed to fulfil their responsibilities, which led to the Formosa disaster.