The Government said inflation curbing, macro-economic stabilization and social welfare guaranteeing still remain top priorities in the second half of 2011.
The orientations were made to address pressing issues like high inflation, downsizing securities market, high trade deficit, complicated real property market, and rising traffic accidents.
“We can not disregard the above difficulties,” said PM Dung at the Cabinet regular meeting which took place in Hanoi on June 30-July1.
From that perspective, the Government will strive to keep inflation rate at around 15-17%, credit growth under 20%, trade deficit under16% of the country’s total export turnover, and GDP at around 6% for the whole year.
Achieving those targets requires stronger and drastic implementation of the solutions, including the tightened and cautious monetary policy, which were clarified in the Resolution No. 11, he said.
Other solutions are to boost export and expand assistance for small and medium-sized enterprises.
The Government will also keep a close watch on developments in the real estate market to prevent it from collapsing.
Public investment cut will be strictly followed to save resources for social welfare programs.
At the same time, the transformation of the growth model and improvement of productivity-efficiency-competitiveness of the economy need to be sped up, PM Dung said.
The Government chief also requested inferior levels to pay due attention to administrative reform, settlement of complaints and denunciations, reduction of traffic accidents, and firm defence of national sovereignty.