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The Directive aims to cope with the decrease in the State budget revenue due to the reduction in the oil and gas price and maintain the State budget balance in 2015 as ratified by the National Assembly.

Ministries, agencies and localities are required to tackle difficulties, create favorable conditions for production and manufacturing and improve competitiveness for businesses as well as effectively restructuring the economy, transforming growth model, boosting exports and controling imports to strive for the set economic growth rate of 6.2%.

The State Bank of Viet Nam has to carry out measures to monitor the monetary policy flexibly suitable with the fiscal policy to curb inflation, stabilize the macro-economy and promote economic growth as well as facilitating businesses and corporation to get access to credits to enhance production.

The Viet Nam Oil and Gas Group has to closely follow the crude oil price and actively work with partners and exploiters to optimize oil exploitation programs and deal with negative changes arising in oil and gas prices in 2015.

The Ministry of Finance consistently performs price State management in accordance with market rules for key and necessary items such as electricity, coal, oil and gas and public services.

Ministries, agencies and localities are asked to speed up the rate of progress of projects and disbursement of development capital, especially capital from the State budget, Government bonds, national target programs and the Official Development Assistance as well as strictly economizing regular expenditures.

By Thuy Dung