(VOVworld) – Positive signs in Vietnam’s socio-economy in November point to economic recovery, Minister and Head of the Government Office Nguyen Van Nen told reporters Monday, following the government’s November meeting.

Minister and Head of the Government Office Nguyen Van Nen addresses the press briefing. (Photo: baohaiquan)

At the meeting, cabinet members discussed measures to be implemented in December to complete the 2013 plan, focusing on measures to curb price hikes so Vietnamese can celebrate the traditional new-year festival jubilantly, frugally, and safely.

Nen was quoted as saying that the Government has urged ministries and localities to step up disbursement for construction projects in urgent need of completion, remove obstacles to production, push domestic trade, and address bad debts.

Regarding debt restructuring for individuals and enterprises affected by natural disasters in the central region, Deputy Governor of the State Bank of Vietnam Nguyen Dong Tien said: "There are about 10 provinces badly affected by bank loans of 750 million USD. The State Bank of Vietnam has asked commercial banks to restructure 150-million-USD debt, apply interest rate remission, and freeze 100-billion-USD debt. State-owned commercial banks have granted new loans to aid relief efforts in affected areas."