Prime Minister Nguyen Tan Dung has ordered Government ministries and agencies, as well as localities and State-owned enterprises, to formulate socio-economic plans for 2013 and the following years.

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Under the new directive, relevant agencies are required to come up with socio-economic development plans, estimate the State budget for 2013 and develop plans for utilising public investment in the 2013-2015 period.

The PM’s directive stipulates that economic restructuring will be a key task in 2013 with a focus on restructuring public investment, financial markets and enterprises to streamline resources and boost economic performance.

PM Dung has also required relevant agencies to focus on curbing inflation by adopting flexible monetary policies while taking appropriate measures to help enterprises access cheap funds from commercial banks.

In addition, the PM ordered relevant bodies to strengthen management of the banking system, foreign currency and gold markets and continue restructuring weak banks and financial institutions.