VietNamNet Bridge - Presiding over the Government’s regular meeting on December 1-2, PM Nguyen Tan Dung urged all echelons, sectors, localities and enterprises to proactively make efforts to prevent economic recession.

The cabinet meeting on December 1-2.

Discussing the socio-economic situations in November and the first 11 months, leaders and members of the Government agreed that the global financial crisis, economic recession and natural calamities at home have caused some negative impacts on the national economy.

Concluding the sitting, PM Nguyen Tan Dung made the emphasis that, in December and the coming time, all echelons and sectors should spare no effort in taking consistent measures to prevent economic recession, maintain growth rate and ensure social security.

The Government chief underlined five key solutions as follows:

First, to enhance production, business and export by speeding up trade promotion activities, expanding export markets, and pushing up the export of products of competitive advantage;

Second, to stimulate investment and consumption with State budgets, governmental bonds and ODA capital; to encourage all economic sectors and non-State enterprises to invest in such fields as infrastructure construction, transport, electricity and cement; to develop the distribution networks and retail systems, especially in remote areas;

Third, to realize flexible financial and monetary policies in order to facilitate production, business and export; to improve the accessibility to credit sources for small and medium enterprises;

Fourth, to continue the application of social security policies. It is necessary to channel investment capitals to 61 poorest districts and put the unemployment insurance into reality right in early 2009;

Fifth, to direct the realization of above-mentioned tasks in a drastic, flexible, timely and effective manner; to pay attention to forecast and analysis work; to accelerate the simplification of administrative procedures relating to investment, construction, site clearance, taxation, and customs; to improve the performance of State-owned enterprises, groups and corporations.

The PM also asked competent agencies to tighten the management and control over market and prices, prevent speculation and counterfeits, and guarantee the supply of commodities as well as traffic safety during the upcoming traditional Lunar New Year.

(Source: Chinhphu.vn)