(VOVworld) – With the theme “from stability to economic recovery”, the 2012 Vietnamese Business Forum today/Tuesday took place in Hanoi ahead of the 2012 mid-term Consultative Group Meeting for Vietnam. When speaking at the event, Deputy Prime Minister Vu Van Ninh stressed that the Vietnamese government aims to keep the inflation rate down to single digit, maintain a growth rate of 6% and limit state budget spending to 4.8% of GDP, while ensuring social welfare in any circumstances. Ninh said:"In the immediate future, the government will focus on measures to resolve our current difficulties, control inflation, stabilize the macro economy, create better conditions to boost production and consumer demand. WE will try to avoid the reoccurrance of an unstable marco-economy and high inflation rate, but ensure social welfare and reduce poverty. At this year’s forum, the Vietnamese government is keen to receive recommendations from both domestic and foreign businesses on how to improve its policies and introduce effective ways of reaching our set targets for 2012."

The Director of the World Bank in Vietnam Victoria Kwakwa also spoke at the event: "Let’s focus on the short term policy responses that need to be completed by similar attention to the sources of structural ineficiency in the economy, and in particular to the constraints that impede the ability of the private sector to generate growth and jobs. The government’s attention to growth, rapid economic growth, has been the main driver of poverty reduction in Vietnam, along with it a number of egalitarian policies such as land reform, poor and elemental health and education policies and internal migration have also been important in Vietnam’s poverty reduction success."

The delegates also discussed several issues concerning banking, the capital markets, manufacturing and production, taxes, land and real estate.