Right after Resolution 11 on curbing inflation, stabilizing macro-economy and ensuring social welfare is launched, Binh Duong province has implemented this resolution strictly. After one month of implementing Resolution 11, initial results are very remarkable.
Local business and production are maintained stably.
Within 10 early days of March, there were 5 important meetings on launching the Resolution 11 held. For currency management, the local People’s Committee asked the State Bank of Vietnam’s Binh Duong branch to reach a 29% increase on credit capital mobilization in 2011, to give priority for export, agriculture, small and medium businesses, real estate and stock exchange… As for budget management and public investment, the local administration asked relevant agencies to cut 10% of expenditure in the rest months of this year, suspend new equipment of automobiles, office facilities, air conditioners… for units…
Besides, the locality spurred business and production, encouraged export and ensured social welfare as well as boosted legal promulgation.
Remarkable results
Currency market showed a stability with an interest rate of 13.5-14% per year whilst budget management and public investment were launched synchronously to increase budget collection and decrease expenditure properly.
In addition, implementing social welfare policies was launched positively, bringing interests for the poor and privileged…
Reported by K.Tan – Translated by A.C
