On April 6 the Government issued a resolution on measures to control inflation and achieve a gross domestic growth rate of 6.5 percent in 2010.

The government pays special attention to maintain a stable financial and moneytary market.

The State has set six groups of solutions to control inflation, promote export, restrict trade deficit, maintain stability of banking and finance and boost production and business.

Defining inflation control as the top priority, the Government asked the State Bank of Vietnam (SBV) to maintain an active, flexible and cautious monetary management policy and ensure credit growth at 25 percent and total means of payment of around 20 percent.

The Ministry of Industry and Trade (MoIT) was instructed to review and evaluate the supply-demand of essential goods and ensure favourable circulations of goods.

The Ministry of Finance must cooperate with MoIT and other agencies to control prices and punish violators.

The State asked economic groups and corporations to raise investment effectiveness, avoid raising prices of goods irregularly and take part in stabilizing the market, especially the prices of essential goods.

Besides controlling inflation, the Government cited promoting exports, curbing trade deficits and improving the balance of payments are other top priorities.

To achieve this goal, the Government instructed SBV to take measures to serve these targets. MoIT must ensure export revenue growth of over 6 percent and trade deficit of 20 percent in 2010 and implement measures to encourage exports. This ministry is assigned to compile policies encouraging investment in the supporting industry and consumer good industry this year to reduce trade deficit.

The State also instructed the Ministry of Finance and Ministry of Planning and Investment to effectively manage official development assistance (ODA) capital, foreign investment capital and ensure capital for implementing social and economic development goals.

The Government asked SBV to strictly control the operations of credit institutions to ensure the finance and banking system to operate stably and safely and the Ministry of Finance to control the financial market.

PV

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