Accordingly, the State Bank of Vietnam is now required to watch changes in the monetary, interest and forex markets and to control credit growth to ensure the banking system is safe and secure.

He also requested all ministries, branches and localities to promote production and trade.

They must also work ensure social welfare, especially providing jobs for the unemployed and housing for disadvantaged families, students and workers in industrial zones.

In the first five months of this year, despite a slight rebound, the economy is still confronted with difficulties as a result of shrinking export markets, slow FDI disbursement and high risks of acute diarrhoea and influenza A/H1N1 infection.

As a result, the government needs to put into action a range of projects and speed up the disbursement of funding sourced from the State budget, Government bonds, State credits, ODA and FDI.

More drastic measures should also be taken to prevent diseases, especially diarrhoea and influenza A/H1N1.