Stabilising economy key focus for VN

THURSDAY, OCTOBER 11, 2012
Stabilising economy key focus for VN

Stabilising the macro-economy, curbing inflation and raising the economy's growth rate are among Vietnam's major economic targets for next year, according to a new report prepared by the ministry of planning and investment (MPI).

 

The report, which was presented at a meeting of the National Assembly’s Economic Committee in Hanoi yesterday, reviewed the implementation of social and economic development plans in 2012 along with development forecasts for 2013. It said Vietnam would continue tightening monetary policy, work on lowering inflation and ensure stable interest rates. Work would also focus on ensuring an appropriate increase in outstanding debts as a means of easing the difficulties businesses face in securing bank loans.