The year 2008 proved to be a difficult year for Vietnam’s economy

In April 2008, in order to deal with the high inflation, the Government put forward eight groups of solutions 1/ tightening the monetary and fiscal policies; 2/ cutting down unnecessary investments and expenses; 3/ increasing production; 4/ increasing exports and limiting trade deficit; 5/ practicing thrift in production and consumption; 6/ stabilizing the market price and fighting against speculation; 7/ expanding social security programs; and 8/ adjusting credit structure, controlling loaning, ensuring the liquidity of banks and the national economy.