Prime Minister Nguyen Tan Dung has urged cabinet members to take all necessary measures to curb inflation and bring guest workers back home from Libya.

At a meeting in Hanoi on March 2, Minister of Labour, Invalids and Social Affairs Nguyen Thi Kim Ngan presented an update on the Vietnamese guest workers in Libya and measures to evacuate them from the North African nation.

 

So far, 6,198 of 10,482 Vietnamese workers in Libya have been evacuated, including 2,739 people who have been flown home. More than 3,000 others are en route to neighbouring nations.

Inflation control was highlighted as the top priority for 2011 to stabilize the macroeconomy.

The Prime Minister pointed out the need to reduce budget deficits, cut 10 percent of public spending and increase tax collection.

He instructed ministries and responsible agencies to tighten monetary policy, carefully manage banking deposit interest rates and foreign exchange rates and build a roadmap against heavy dependence on gold and US dollar value in business transactions.

Fiscal and monetary policies should be harmonized, Mr Dung emphasized.

He called on ministries, industries and local administrations to take firm measures to increase efficiency in production and business, especially to raise productivity in agricultural production.

“It’s imperative to effectively implement polices on market prices, including the battle against goods speculation to push prices up, to accelerate administrative reforms, to make progress in solving petitions and claims and to ensure social security,” Mr Dung said.

(Vietnam Plus)