The Ho Chi Minh City People’s Committee has directed relevant agencies to implement measures to stablise the macro-economy, control inflation, and reach an economic growth rate of 11 percent this year.

The city will focus on promoting production and business to meet the increasing needs of the market to keep prices and inflation in check.

The committee asked relevant agencies to evaluate the supply and demand of products to ensure the circulation of goods and save costs. The city will also tighten and stabilise the management of market prices.

Inspecting and supervising implementation of regulations on price registration, listing, and sales will be improved and violations strictly dealt with.

The city will manage the implementation of the Government’s guidelines on petroleum, electricity and water prices as well as regulations on price management, to prevent fluctuations, and negative impact on producers and consumers.

It will also carry out an investment and consumption stimulus programme and promote trade to fully exploit the domestic market and encourage a “Vietnamese use Vietnamese goods” campaign.

This year, the city will implement measures to keep a close watch on budget collection to put the lid on tax evasion and raise its budget revenue total by 5 percent. It will mobilize capital and step up implementation of key projects, control credit activities and accelerate the dissemination of ideology and information to create a consensus in society.

On April 10, Chairman of the HCMC People’s Committee, Le Hoang Quan said that the city is developing a plan to stabilise nine essential products in 2010, which will be issued this month.