Business

Roadmap to adjust business minimum wage

Deputy Prime Minister Vu Van Ninh has ordered the design of a roadmap to adjust the minimum wage for businesses in line with their respective manufacturing sectors.
Deputy Prime Minister Vu Van Ninh has ordered the design of a roadmapto adjust the minimum wage for businesses in line with their respectivemanufacturing sectors.

The minimum wage adjustmentis made annually but has yet to satisfy workers’ needs, especially thosepaid through the State budget.

Therefore, theDeputy PM, who is also Head of the National Steering Committee on salaryreform and social insurance, directed ministries to study and proposean adequate level of payment for joint-stock businesses in which theState holds a dominant stake.

For the administrativesector, he requested the Ministry of Home Affairs coordinate with theMinistry of Finance and relevant agencies to devise a salary scale onthe basis of meeting workers’ minimum needs and review some positionssuch as medical staff at schools and State agencies.

The Ministry of Finance must proactively study and suggest mechanismsfor State budget allocation and support for the public sector along thedirection of gradually reducing State funding for public administrativesector.

The ministry is also required to deviseways to adjust the base salary for the administrative and non-productivesector, possibly from 2016.-VNA
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