The lessons learnt from cutting public spending in 2008 are still hot issues - more than 3,000 projects worth nearly VND37,000 billion have been cancelled. In fact it seems cutting public investment has not been worth it.

The government’s additional report on situation in 2010 and plan in 2011 recently forecasted the consumer price index (CPI) in March would rise by 6.1 percent from last December.
 

The Party Politburo has made public its expectations on the country’s performance in 2011, identifying containing inflation, stabilising the and ensuring social welfare as top priorities for sectors and branches at all levels.
 

HCMC’s 2011 economic growth target of 12% may no longer stand as the city leadership stressed at a People’s Council meeting that the focus had now been shifted to inflation control.