The request was made at a cabinet meeting in Hanoi from November 30 to December 1. 

He said as monetary policy is a decisive factor in curbing inflation and maintaining growth, the State Bank should closely coordinate with ministries and localities in implementing a close, prudent and flexible monetary policy.

The Government leader asked ministers to join efforts and take drastic measures to control market prices, reduce the trade deficit, mitigate the impact of natural disasters ensure traffic safety and prevent crime. 

Cabinet members emphasised the need to go ahead with anti-inflation and macroeconomic and make breakthroughs in economic restructuring and growth model renovation.

A major issue was tabled with three draft projects aimed at restructuring investment patterns, State-owned businesses and commercial banks. 

The draft project on restructuring investment patterns deals with immediate, medium-term and long-term investment measures to mobilize different capital sources such as the State budget, Government bonds and State budget-related investment capital sources; the State’s development investment capital; official assistance development (ODA); State-owned business investment; and foreign direct investment (FDI). 

The project on restructuring State-owned businesses focuses on improving operational capacity, business efficiency and competitiveness in the State-owned business sector, as well as increasing financial potential for the healthy and sustainable development of State-run groups and corporations. 

To reach these goals, the Government will build and issue criteria for classifying State businesses, speed up the equitisation of State-owned enterprises and the reorganisation and restructuring of State economic groups, strengthen State management and supervision of State-run groups and corporations, and create a competitive and equitable environment among business sectors to improve the efficiency and sustainable development of State-owned businesses. 

The project on restructuring banks analyses the current situation of the banking system and puts forth objectives and orientations for thorough and comprehensive restructuring of credit organisations. 

Cabinet members stressed the importance of making breakthroughs in economic restructuring, one of the key tasks that should be carried out right from the beginning of 2012. 

The government said that the tightening of monetary policy helped gradually control inflation and reduce price increases in the past 11 months of 2011. Since the second quarter of 2011, GDP has slightly increased.

Although total export turnover show a year-on-year growth of 34.7 percent, tripling the figure set by the National Assembly. 

GDP growth is estimated at 6 percent this year, thanks to the stable development of agriculture and industry, and active implementation of social welfare policies to ensure job generation and poverty reduction.