 |
| Photo: VNA |
The Prime Minister has recently requested ministries, sectors and localities to continue promoting economic growth associated with macroeconomic stability, controlling inflation and ensuring major balances of the economy.
Under Directive 12/CT-TTg dated April 21, the Government leader stresses the importance of firmly grasping the market reality, ensuring the supply and demand balance, and stabilizing commodity prices before devising appropriate and effective solutions to stabilize the market and prices, particularly for gasoline, oil, essential goods, housing and food.
In light of this, the Prime Minister requests the Ministry of Finance to promote the healthy, safe and effective development of the financial, securities and corporate bond markets; and to promptly detect and strictly handle violations.
The Ministry is also asked to urgently implement necessary measures to upgrade Vietnam’s securities market from a frontier market to an emerging market within this year.
Meanwhile, the State Bank of Vietnam (SBV) is assigned to flexibly and harmoniously regulate interest rates and exchange rates; and proactively implement interventive solutions to better operate the domestic gold market to ensure fair competition.
Specifically, the SBV will have to strictly manage and control operations and transactions in the gold market, immediately and effectively address the excessive discrepancy between domestic and international gold bar prices. It is also tasked to inspect and strictly handle negative practices involving gold smuggling and gold price surge, and promptly and effectively regulate the foreign exchange market to meet the foreign exchange needs of enterprises and the people.
The central bank will have to continue directing the reduction of lending interest rates; proactively take measures to manage credit growth and increase the economy’s ability to effectively, feasibly and promptly access capital sources; and accelerate the disbursement of a credit package of VND 120 trillion for social housing development project owners and social house buyers.
The Ministry of Industry and Trade is assigned to take drastic measures to ensure adequate supply of electricity, gasoline and oil for production, business and consumption of the people and enterprises.- (VLLF)
