Concerned ministries and agencies and local governments should continue taking effective measures to curb economic decline while recovering and developing business and production, Prime Minister Nguyen Tan Dung made such a call at the cabinet’s regular May meeting held in Hanoi on June 3.
The State Bank of Vietnam was asked to closely monitor the developments of the monetary market, interest rates and foreign exchange rates and control credit growth and payments for the secure operation of the banking system.
The Prime Minister urged the Ministry of Finance to continue keeping an eye on state budget spending and ensure stability and efficiency of the securities market.
The Ministry of Industry and Trade and concerned agencies were instructed to step up trade promotion efforts and take advantage of opportunities to boost export and seek new markets and closely control the import of essential commodities.
The Government assigned the Ministry of Labor, War Invalids and Social Affairs to enhance state management of foreign laborers working in Vietnam and review and modify regulations on the management of foreign laborers under Vietnamese law and international commitments.
Prime Minister Dung requested ministries, branches and localities to accelerate the disbursement of capital for projects funded with the state budget, government bonds, state credit or official development assistance.
The Government proposed that the National Assembly Standing Committee renew methods of making tentative legislative programs, improve the quality and stability of laws and ordinances, and strictly comply with the process of formulating and submitting draft laws and ordinances.-