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Economics

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Binh Duong reinforces inflation control

Right from early 2011, Binh Duong is one of provinces leading in implementing Resolution No.02/NQ-CP dated Jan. 9, 2011 and Resolution No.11/NQ-CP dated Feb. 24, 2011. With concrete measures, the province showed its flexibility in responding an instruction of inflation control, macro-economic stability.

Many detailed deeds

Implementing the Ministry of Trade and Industry’s instruction, Binh Duong has positively launched implementation of Resolution No.02 on socio-economic development and budget estimate 2011. Besides, the province will set out goals of currency policy, public investment cutting and thrift practice…

 At a price-stabilized stall in Citimart Binh Duong. Over the past time, the province, especially the provincial department of Trade and Industry has implemented a series of action plans to uphold 2 mentioned important resolutions. In May and June, the department issued a plan on stabilizing essential items from now till March 31 2012. Expectedly, the total stabilized goods will be at VND608.45bil, VND123.97bil of which is from preferential loans.

Businesses participating in the goods price stability worked with the local Finance Department on loan disbursement. Initially, items of textbook, notebook and learning aid has been sold at stabilized prices across 7 districts and townships. Other items will be launched widely in coming time.

Deep and wide promulgations

To uphold efficiency of the 2 mentioned resolutions, the local department of Trade and Industry has kept promulgations of price and supportive policies for businesses. The department has launched a trade promotion and mobilized and supported 7 businesses participating in 14 stalls at Vinh Long Trade Exhibition Fair, Mekong River Trade-Tourism and Investment Fair, Da Lat Culture-Trade-Tourism Fair…

Obviously, thanks to timely and flexible instructions set out by the local administration, the 2 resolutions showed their efficiency. This is proven by a fair economic growth, industrial production increase at 17.5% from 2010 and export turnover at US$4.105mil…

Reported by K.Vinh – Translated by A.C   
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