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State businesses urged to stabilise national economy
As the mainstay of the national economy, State economic groups and corporations should join hands with the Government to overcome difficulties caused by high inflation, stabilise the macro economy and meet the target set for this year, said Prime Minister Nguyen Tan Dung.
While meeting with leaders of these groups and corporations in Hanoi on August 8, Mr Dung reviewed major difficulties of the national economy and asked them to make a greater effort to keep inflation in check.
“In the face of the soaring prices of materials, State corporations and economic groups have no choice but to practise thrift by reducing production costs, cancelling inefficient projects and boosting production and business activities,” said Mr Dung.
He asked the State Bank of Vietnam and five State commercial banks to provide investment capital for these groups and corporations to stabilise production and boost exports while considering lower interest rates to support their operation.
He also asked these groups and corporations to ensure an adequate supply of essential commodities, strictly control market prices, accelerate the equitisation of State-owned enterprises and enhance management capacity to achieve higher economic efficiency.
The PM affirmed that the Government is drafting a decree aimed at creating a favourable legal corridor for State economic groups and corporations to stand firm at home and abroad.
He praised these State businesses for their outstanding achievements amidst strong market fluctuations in the first half of this year. Accordingly, their total revenues fetched nearly VND520 trillion, meeting 60 percent of the yearly plan and increasing by 40 percent compared to June 2007. They contributed VND80 trillion to the State budget, a year-on-year increase of 53 percent.
The PM acknowledged their practical contributions to the Government’s efforts to curb inflation and stabilise the macro economy. Between January-June, these economic groups and corporations cancelled nearly 1,500 investment projects totalling over VND33 trillion, while keeping a close watch on market prices and boosting exports.
“State economic groups and corporations continue to play the leading role in the national economy, and based on their operation, the Government draws up policies to manage the macro economy,” said Mr Dung.
VOV
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