City calls for intense anti-inflation battle
HCM City lawmakers urged the municipal government to intensify measures to curb inflation and stabilise the economy at a meeting held on Mar. 10 to device socio-economic development plan in the next five years.
People's Council member Vo Van Sen said failure to check inflation would impact the entire country because of the importance of HCM City to the national economy.
He called for specific financial and monetary solutions.
The Chairman of the city People's Committee, Le Hoang Quan, said the City was mobilising the whole society and political system to deal with the difficult issue.
He called on everybody to practise thrift and the wealthy to support people living in poverty.
Recently the City had appealed to more than 6,000 landlords in Thu Duc District to keep guesthouse rents unchanged and half of them have since signed a commitment. This is expected to benefit around 300,000 workers who lease rooms here.
"The model will be popularised around the City," Quan said.
"To effectively combat inflation, official agencies and citizens should work together," he stressed.
At a meeting held the previous day by the Party Committee to discuss measures to combat inflation, deputy head of the People's Committee, Nguyen Thi Hong, said the city had price-stabilisation programmes for 10 essential goods under which interest subsidies would continue for producers and distributors.
Growth targets
According to Thai Van Re, Director of the municipal Department of Planning and Investment, HCM City's economy grew at an average of 11.2 per cent between 2006 and 2010.
It was targeted to grow at 12 per cent for the next five years, he said.
The City government is confident of increasing per capita income to US$4,800 in 2015.
It was at $2,855 in 2010, 40 per cent higher than the national per capita income.
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