3rd National Assembly session to review anti-inflation measures

17:44' 29/04/2008 (GMT+7)
Vietnam’s top priority is combating inflation
VietNamNet Bridge – The National Assembly will give time to considering effects of anti-inflation measures applied by the government during the upcoming 3rd session, slated for May 6 to June 8, said Vice Chairman of the NA Office Nguyen Sy Dung.
Dung said besides considering anti-inflation measures, the NA will appraise the social-economic situation of 2007 and in the first four months of 2008 as well as measures to promote social-economic development this year.
“The top priority at present is combating inflation and stabilising macro economics so the NA will spend more time on this issue. Deputies will discuss whether the government’s measures have been effective or not,” Dung said.
“The Prime Minister may answer deputies’ questions. It is too early to know what deputies will ask the PM but I think the PM is willing to answer questions because this is his top priority,” he added.
About the responsibility of the Governor of the State Bank of Vietnam in conducting the monetary policy, Dung said: “Deputies will clarify the reasons for inflation and they may question the Governor.”
The Vice Chairman of the NA Office said it is clear that growth targets need to be adjusted because the country can’t pursue GDP growth and neglect the quality of growth. He also said that it is necessary to cut unnecessary public investment sources and the NA will set a CPI target
The NA will consider and ratify 13 bills and give opinions on seven others. The NA will also have a look at the plan to expand Hanoi and the policy that allows foreigners to buy houses in Vietnam.