Government orders greater efforts to stablise macro-economy

Illustrative image (Source: VNA)

The resolution asked ministries, sectors and localities to keep a close watch on domestic and global economic development, operate macro-economic policies and control inflation in a concerted way, and increase there silience the national economy from global impact.

The Government requested the State Bank of Vietnam to employ a flexible monetary policy in close connection with fiscal policy and maintain reasonable liquidity, reinforce State foreign exchange reserves and develop more credit products.

The Ministry of Finance was asked to strictly manage fiscal policy, promote State budget collection and improve efficiency of stock market operations and financial services, and help enterprises access capital.

The Ministry of Planning and Investment and the Ministry of Finance will coordinate in investigating and promote sectors and localities to accelerate the disbursement of public investment capital.

Meanwhile, the Ministry of Industry and Trade will be responsible for giving directions for implementing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and accelerating the implementation of large-scale industry projects.

The Government also asked for measures to be taken to prevent African swine fever outbreaks, ensure traffic safety and strictly handle acts of falsifying the nature of festivals.