PM Nguyen Xuan Phuc chairs a meeting of the national advisory council for financial and monetary policies.

He was speaking at a meeting of the national advisory council for financial and monetary policies on February 25.

The head of government stated that caution must be exercised to analyse the situation thoroughly and work out the appropriate coping measures.

At the meeting, the PM said he appreciated the frank, responsible and evidence-based opinions of economists and considered them as important input materials for the government to decide on socio-economic policies amid the impacts of the Covid-19 outbreak.

He stated that the government is pursuing the double goals of containing the spread of the coronavirus and promoting economic growth, adding that difficulty calls for concerted efforts and bold reforms to move the country forward.

On that basis, the council agreed on a number of key measures such as the need to remain consistent in the goal of keeping low inflation, creating the foundation for sustainable development, and boosting public investment and investors’ confidence.

It is also necessary to continue supporting enterprises, especially those affected by the coronavirus, while promoting sectors with potential for growth in order to cushion the impact of the epidemic.

 Source: NDO

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