(VOVworld)- Minister and Head of the Government’s Office Vu Duc Dam has stressed that the Vietnamese government is persistent to implementing measures to control inflation. Speaking at the Government’s March meeting in Hanoi on Friday, Mr. Dam said that there was a basis to ask banks to reduce their interests rates to bring the country’s inflation rate and enterprises’ capital expenditures to the normal level in order to create a better business environment. In regard to the credit package worth 30 trillion dong to assist low-income earners to buy houses, Minister Vu Duc Dam said: "The government aims to adjust necessary regulations to enable people to access credits to buy house. The government plans to prolong the term of the loans and ask the State Bank to work out specific plans to ensure long-term loans with low interest rates for people".

Minister Dam said the main reason behind petrol prices increased because the Stabilization Fund has run out of its reserves. He said the Ministries of Finance and Industry and Trade will make public the performance of Stabilization Fund, and the import and selling prices of petrol.