Vietnam to continue tightening monetary and fiscal policy in 2012

18-Jun-2011 Intellasia | StoxPlus | 7:01 AM Print This Post

The prime minister of Vietnam has instructed to continue stabilising macro economics, tame inflation and raise gross domestic product (GDP) target to 6.5 percent in 2012, the state-run Chinhphu reported on June 16, citing the government’s Instruction 922/CT-TTg.

Vietnam will continue the tightened, prudent and flexible monetary and fiscal policy to calm down inflation and stabilise domestic currency and raise the foreign exchange reverse.

The government orders that the estimated state budget collection will be equal to 24 percent of GDP next year.

Other main contents in the Instruction 922 are the same as the government’s Resolution 11.

 


Category: Economy

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