Prime Minister Nguyen Tan Dung has instructed Ho Chi Minh City to focus on inflation control and keep up its firm growth to maintain its role as the country’s economic mainstay.

 

Chairing a regular meeting between the Government and the city’s authorities on April 8, PM Dung praised the local authorities’ efforts to overcome difficulties.

“Despite of surging inflation, the city in the first quarter this year still obtained fine results in every field,” said the government leader, adding that it had contributed 20 percent of the country’s GDP and 40 percent of the total export turnover.

PM Dung asked the local authorities to follow up the year’s main tasks, including mechanism perfection, infrastructure development, administrative reform and human resource training.

He instructed them to ensure capital resources for production and exports, and improve tax policies to facilitate exports and limit trade deficit.

He also asked relevant ministries and agencies to coordinate with the local authorities to reduce public investment, ensure supply-demand balance of essential goods in order to prevent price rampant fluctuations.

Setting a target of 10 percent in cutting administrative spending, the government leader required thrift practice not only at State agencies but also by citizens.

He reminded the local leaders to take good care for low-income people, particularly workers at industrial zones.

HCM City in the first quarter this year recorded a growth rate of 11 percent. However, the city has been still facing the price hike with the consumer price index increasing by 7.2 percent over last year.

(Source: VNA)

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