(VOVworld)-Vietnam has made significant socio-economic progress over the past 2 months with inflation dropping to 2.38% compared with 3.87% in the same period last year, according to the Government’s monthly meeting for February. Total export revenues in January and February were estimated at 15 billion USD, up 25% against 2011.

Prime Minister Nguyen Tan Dung urged for continued efforts to rein in inflation, stabilize the macro-economy and ensure adequate supply of essential goods. The Government leader asked the State Bank to secure a stable foreign exchange rate, improve the liquidity of the banking system and accelerate the restructuring of domestic banks: “The State Bank must immediately reduce its loan interests for several reasons. The foreign exchange rates have been stabilized, struggling banks have started to get back on track and the liquidity has seen improvements.”

During the meeting, cabinet members also discussed the fight against corruption and wastefulness.