Do not let inflation come back

Potential difficulties

Deputy Prime Minister Nguyen Sinh Hung to spend lots of time analyzing, dissecting the weaknesses of the economy - society through first three months of 2010. Theo He said the "situation is still much fear."

That is higher inflation than the average of recent years and if not resolutely make inflation control is able to return two numbers. Worrying factor is price increases outside the state management going on for some essential commodities by the state management is not good. The use of fuel inputs such as electricity, gas, oil, supplies ... is wasteful, pushing up output prices.

"This problem should draw experience from operating in the central to local levels," Deputy Prime Minister Nguyen Sinh Hung directly ordered. In addition, the Deputy Prime Minister also said that forecasting exports difficult.

"We have good management in import?" - Raised the issues, and Permanent Deputy Prime Minister answered the management of import, import controls, monetary policy management is not really good. "This fact caused limited capacity for economic recovery" he said. Another problem is that the ability to mobilize investment resources and the assurance of social security were signs of difficulties.

Evidence, to mobilize resources to cover budget deficit, plans to issue bonds in 2010 is 180,000 billion government but a whole quarter just to be 10,000 billion VND, the rate is still low! In addition, state enterprises, corporations, the corporations, especially medium-scale enterprises and small to access bank loans very difficult, plus the ground at high interest rates, many businesses could not borrow capital for development.

Particular commodity markets also expressed "need care." Except a few localities like Ho Chi Minh City as well the stabilization of prices of essential commodities, many places still not well managed market prices, it is still common ideological foreign born,etc. Therefore, one important task of high inflation is not to return.

Seven groups of measures to stabilize prices

Reporting to the Government , HCM City Vice Chairwoman Nguyen Thi Hong said that the City complete agrees with the draft resolution "on measures of macro-economic stability, not to high inflation rate and ensure 6.5% growth in 2010." GDP growth rate of 11%, while the same period increased by only 4%, services up 10.5% (same period increased only 5.4%), 6.2% agricultural growth, particularly industrial production increased to 13.7% (same period increased only 1.9%). City will perform seven groups of measures important to the country to control inflation. Specifically, the City worked hard enough resources to ensure provision of essential goods - the world during this year, especially in the peak phase, strengthen inspection and control prices, to put things right in "hot" to stabilize prices market testing, market control, anti-time, fake goods is not quality, unknown origin; to continue building and developing systems for retail and wholesale goods at affordable prices until consumers in residential areas, export processing zones, industrial zones ... promoting the role of associations, trades because this city is an important bridge between the city with business leaders to the policy policies of the City to businesses and city leaders to understand, difficult to settle in time for the enterprise to support business information and advertise products in Vietnam with reasonable cost.

Immediately after the meeting, HCM City Chairman Le Hoang Quan instructed City Departments draft resolution based on the Government’s specific plans for each branch or unit. City leaders to direct functional departments should try their utmost to GDP growth in excess of the city in 2010 was 11% of budget revenues, taxes, customs increased 5% compared to the plan"To minimize the import of luxury goods, the investment project construction must focus disbursed quickly, and increase the price of the 8 test groups of essential goods and each unit shall have a program save yourself ", HCM City Chairman Le Hoang Quan emphasized.