|
Binh Dinh Provincial Party Chief Nguyen Van Thien on Feb. 28 chaired the meeting on the socio-economic situation in Feb., key tasks in March, and urgent tasks to curb inflation, stabilize the macro-economy and ensure social welfare in accordance with the Government’s Resolution No.11.
 |
|
At the meeting. Photo N.Han
|
Stable socio-economic situation
According to the report released by provincial People’s Committee, the province’s socio-economic situation showed signs of stable growth in February.
The local industrial production value was estimated to reach VND524.5 billion in February, an increase of 17.3 percent against the same period last year. Totally, Binh Dinh earned a value of over VND1 trillion in the first two months of 2011.
Also, in February, the export turnover value got US$39.7 million, a decrease of 10.3 percent compared to the same period last year. The first two months saw a total value of US$87.28 million, a rise of 3.9 percent over the same period of 2010.
As soon as the Tet (Lunar New Year) holiday ended, most local businesses have started to operate again; however, they faced many difficulties, such as the shortage of raw material, the increase of interest rate, the foreign exchange rate fluctuation, and other issues.
The total retail sales and social service value was estimated to earn more than VND2 trillion, a surge of 3.9 percent over the same period last year. The total value was VND4.6 trillion in the first two months of 2011.
Focus on curbing inflation
Speaking at the meeting, provincial Chairman Le Huu Loc asked local bodies and agencies to seriously implement the resolution focusing on the target of curbing inflation, stabilizing the macro-economy and ensuring social welfare with a priority given to inflation control.
The Department of Finance was asked to coordinate with other bodies and local authorities to increase the State budget revenue by 7 percent compared to the 2011’s budget forecast approved by provincial People’s Council.
The provincial Departments of Taxation and Customs were also required to strengthen their inspection in taxation revenue.
Regarding the implementation of the fiscal policy, provincial Chairman required the savings in expenditures by 10 percent. He also confirmed that it is essential to minimize electricity and petroleum prices and stop buying new cars, air-conditioners, and office facilities.
The leaders of bodies, agencies and localities were asked to be responsible for curtailing the expenditure on meetings, workshops, as well as business trips.
The Department of Planning and Investment was assigned to work with functional bodies and districts to strictly follow the Government’s instructions and monitor all projects using the State budget and Government bonds.
Provincial Party chief Nguyen Van Thien asked the local authorities at all levels and relevant bodies to urgently build plans to implement the Government’s solutions on curbing inflation, stabilizing the macro-economy and ensuring social welfare, focusing on measures to promote agricultural production, industry and services to stabilize the province’s socio-economic development.
| 
