PM Dung made the statement at a working session with domestic scientists and experts on urgent solutions to manage the macroeconomy in Hanoi on Feb. 22.

The participants reached consensus on the need to issue a Government Resolution in the context of inflation and rising prices which are affecting the stabilization of the macroeconomy.

The draft resolution puts forward solutions on monetary policy and for enhancing public investment management, promoting production, and encouraging exports, controlling trade deficit, using energy economically and conducting the itinerary for electricity and petrol selling prices under the market mechanism. 

The name of the Resolution must reflect the target of curbing inflation, stabilizing the macro-economy and ensuring social welfare in 2011 with priority given to inflation control, said Mr Dung.

In the immediate term, the State Bank of Vietnam must strictly and cautiously implement the monetary policy, harmoniously combine the monetary and fiscal policies to ensure that this year’s credit growth is maintained below 20 percent and adjust suitable interest rates and foreign exchange rate to prevent inflation, he noted.

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