Gov’t requests to keep eye on price, market situation in year-end

The government requested ministries, agencies and localities to keep an eye on price and market situation as well as enhance analysis and prediction for controlling inflation in the end of the year.

Gov’t requests to keep eye on price, market situation in year-end

According to the request, the State Bank of Vietnam must keep close watch on monetary and financial markets in the country and in the world.
Moreover, the bank must monitor monetary policies flexibly with market development aiming to stabilize macro economy and control inflation.
Additionally, it must liaise with the ministries of Planning and Investment, Finance, Industry and Trade in running macroeconomic policies.
Meanwhile, the Ministry of Industry and Trade focused to re-structure industry sector by applying technologies and increasing value as well as put forward measures to reduce impacts of the US- China trade war.
Besides, the Ministry must speed up important industrial production projects.
The Ministry of Public Security was assigned to detect and prevent activities to sabotage the country as well as adopt preventative measures against loan shark.
The Ministry of Information and Communications should strengthen its supervision in media activities by 2025 and work with the Ministry of Public Security to handle wrong information to besmirch the Party and the government.
The government yesterday issued resolution for its annual session.
As per the resolution, the government ordered ministries and localities to carry out measures to increase the country’s labor productivity and competition as well as develop different kinds of enterprises especially private sector.

By PHAN THAO – Translated by UYEN PHUONG

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