Deputy PM highlights importance of salary policy
Updated : Thursday, May 10, 2018 8:54 AM (GMT+0700)

DeputyPrime Minister Vuong Dinh Hue has underlined the critical importance of thesalary policy, which, he said, is closely related to other policies in thesystem of socio-economic policies.

 
Deputy Prime Minister Vuong Dinh Hue - Photo: VNA

He made the affirmation in arecent article on the plan on the salary policy reform for officials, publicemployees, civil servants, members of armed forces and employees inenterprises. This plan is one of the three important plans being discussed atthe seventh plenary session of the 12th-tenure Party CentralCommittee, which opened in Hanoi on May 7.

Deputy PM Hue, who is also aPolitburo member and chairman of the central steering committee for reformingthe salary policy, social insurance and special treatment for nationalcontributors, noted that the salary policy directly relates to macro-economicbalances, the labour market and the lives of salary earners. Its reform willhelp build a streamlined, clean and efficient political system and strengthenthe fight against corruption.

Regarding the targets androad map for the implementation of the salary policy reform, he said in thepublic sector, the basic wage has been adjusted upwards from 2018 to 2020 inline with the National Assembly’s resolutions so that it is not lower than theconsumer price index (CPI) and in conformity with the country’s economic growthrate.

From 2021 to 2025 and with avision to 2030, a new salary regime will be applied for officials, publicemployees, civil servants and members of armed forces in the whole politicalsystem from 2021. 

The country targets that in2021, the lowest wage of officials, public employees and civil servants will beequivalent to the average lowest pay level in the business sector. By 2030, itis expected to be equivalent to or higher than the lowest salary level in theregion with the highest pay of the business sector.

Meanwhile, from 2018 to2020, the region-based minimum wage in the enterprise sector is set to beraised in accordance with the socio-economic development situation, businesses’payment capacity, and workers’ living standards so that the minimum wage willbe able to meet basic needs of workers and their families, Deputy PM Hue noted.

From 2021 to 2025 and with avision of 2030, the State will increase the region-based minimum wageperiodically basing on recommendations of the National Wage Council. It willnot directly intervene in businesses’ wage policy from 2021.

By 2025, it will manageemployees and salary in State-owned enterprises by assigning fixed salary costsassociated with production and business tasks to enterprises. It will graduallymove towards only assigning production and business tasks to companies from 2030.

In his article, Deputy PMHue also clarified seven tasks and solutions to reform the salary policy,especially drastically carrying out financial and budgetary solutions to createresources for the salary policy reform and effectively implementing the resolutionson continued re-organising the political system and reforming the system andoperation efficiency of public non-productive units, which were issued at thesixth plenary session of the 12th-tenure Party Central Committee.

The Deputy PM added thatVietnam’s salary policy has been reformed four times, in 1960, 1985, 1993 and2003. 

In the public sector, thewage has been improved step by step, helping to improve living standards ofsalary earners. The basic salary has been raised 11 times since 2003, from210,000 VND to 1.3 million VND per month, surging by 519 percent, which ishigher than the CPI growth of 208.58 percent in the same period.

Source:VNA

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