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SoEs urged to pioneer downturn avoidance measures
Prime Minister Nguyen Tan Dung has urged state-owned enterprises (SoEs) to act as pioneers in implementing measures to prevent an economic downturn and ensure social security.
Addressing a working session with state-owned corporations and economic groups in Hanoi on Dec.16, PM Dung emphasised the important role they play in helping the Government to manage the macro-economy and maintain economic growth, particularly in the current context of the global economic downturn.
He said that Vietnam , as a result of the efforts of the entire nation, has initially reined in inflation, stabilised the economy, maintained an economic growth rate of 6.5 percent and ensured social security, adding that these achievements were partially due to the contributions of state-owned corporations and groups.
“Throughout these difficulties, SoEs still played their role in production, with recorded revenues and benefits higher than the previous year, in addition to ensuring jobs and wages for labourers,” said the Government leader.
He asked the SoEs to continue their leading role in boosting production levels and consumption and expanding export markets.
He said they should adhere to the Government’s packages of solutions to speed up production and exports, and focus their efforts on maintaining economic growth, as well as ensuring employment for workers and giving assistance to 61 disadvantaged districts.
He pledged that the Government will play its part by loosening monetary policies, facilitating investment and consumption, and reviewing policies in order to make it easier for economic sectors to conduct business efficiently.
During the session, the participants discussed measures to implement the socio-economic development tasks for 2009, including the use of approximately one billion USD, from the Government’s economic stimulus package.
According to Minister of Planning and Investment Vo Hong Phuc, the sum will be used to subsidise loan interest rates, which are currently above 10 percent.
Phuc said the one billion USD package is expected to be used efficiently as it will be prioritised for projects to develop accommodation for the poor in industrial zones, large residential areas, student dormitories, and several other infrastructure projects.
Viet nam net
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