Mr. Hung asked localities and agencies to formulate specific plans and create consensus among the public--a decisive factor behind the success of the government’s solutions.

He said that from now until the end of the year, the government will try to rein in petrol price fluctuations and keep electricity prices unchanged.

The government has urged authorised agencies to cut banking interest rates to 8-9 percent for deposits and 11-12 percent for loans through flexible domestic and foreign currency management measures, he said.

The Deputy PM instructed localities and agencies to balance the supply and demand of goods in their areas and increase their budget collection by at least 10 percent.

Authorised agencies were asked to keep a close watch on and ensure the absolute safety of the stock, real estate and insurance markets.

Mr. Hung urged them to practise thrift and cut down on ineffective programmes and projects. “Public projects and works should give priority to using locally-made products,” he said.

Deputy PM Hung also asked localities, ministries and agencies to closely coordinate with economic sectors, mass organisations and the people to effectively implement the government’s measures, which focus on ensuring macro-economic stability, preventing high inflation and achieving a GDP growth rate of 6.5 percent in 2010.