HANOI, Nov. 28 (Xinhua) -- Vietnamese Prime Minister Nguyen Tan Dung has said the government is taking measures to prevent the national economic decline in production and trade so as to maintain economic growth, the Vietnam News reported on Friday.
Dung made these remarks at a government meeting on Thursday, during which government officials said that Vietnam's economic situation is showing signs of slump, reflecting on sectors of production and trade, domestic consumption, export, investment andemployment.
Dung highlighted five groups of measures including pushing up production and export, boosting investment and consumption, implementing financial and monetary policies, improving social security, and enhancing State management and interventions.
Government officials also suggested a number of solutions to prevent economic downturn in 2009.
They suggested that the corporate tax should be reduced to 25 percent and tax rate for small and medium sized enterprises by 30 percent or more, the Law on Personal Income Tax be pushed back to Jul. 1 2009 and bank interest rates be reduced to below ten percent.
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