Solutions For Curbing Inflation:should Not Hold Back Each Other

摘要

Four key groups of solutions have been discussed by scientists, policy makers, administrators and enterprise managers at the seminar with the topic "Remedies to reign inflation, maintain sustainable economic growth" jointly held by the People Newspaper, Ministry of Finance and State Bank of Vietnam in Hanoi. Of which, the synchronous coordination and the avoidance from being barriers to each other among governmental bodies and policies were agreed by many experts. As Dr Cao Sy Kiem said, Vietnam has undergone three inflations at the two to three digit level since 1986. The first time happened during the period of 1986-1993 with inflation rate of 600 - 700 per cent, mainly due to the imbalance between money and goods relation. The second time was the Asian financial and monetary crisis in 1997 which acted as a foreign factor affecting our economy. And this time occurs when our economy is in the process of deep integration into the world economy. The subjective reason is that inflation has piled up for years in three core areas: economic structure, imbalance in import and export, and weaknesses in the fiscal policy.