Prime Minister: Ensure fair and stable salary reform, implemented from July 1, 2024

In his concluding remarks, Prime Minister Pham Minh Chinh stated that in the coming time, regarding the viewpoints on direction and management, the Prime Minister pointed out that it is necessary to continue to closely follow the Party's guidelines and policies, the State's policies and laws, and creatively and effectively apply them in implementing the Resolution of the 13th National Party Congress, resolutions and directions of the Central Committee, the Politburo, the Secretariat, and key leaders.

Prime Minister Pham Minh Chinh delivered a concluding speech at the meeting.

The Prime Minister requested to promote decentralization and delegation of power; promote the spirit of proactiveness, positivity, innovation, creativity, daring to think, daring to do; grasp the situation, respond to policies promptly and effectively. Resolutely not backing down in the face of difficulties, steadfastly pursuing the set goals with high determination, great efforts, and more drastic and effective actions; promptly remove bottlenecks, difficulties, and obstacles, proactively resolve them within authority, not waiting for others to rely on them, and promptly propose and recommend issues beyond authority to promote production and business, create jobs and livelihoods for people, and develop enterprises.

Regarding the main tasks and solutions, the Prime Minister requested that it is necessary to continue to prepare well for the explanation and question-and-answer session at the 7th session of the National Assembly. Deputy Prime Minister Tran Hong Ha and ministers are actively and thoroughly preparing to answer questions at the National Assembly.

Regarding the direction and management of the macro economy, the Prime Minister stated that it is necessary to continue to operate a proactive, flexible, timely and effective monetary policy; to coordinate synchronously, harmoniously and closely with a reasonable, focused and key expansionary fiscal policy. Monetary and fiscal policies prioritize growth as high as possible, while controlling inflation according to the target of below 4.5%. Create favorable conditions for businesses and people to access credit capital; continue to reduce lending interest rates. Continue to exempt and reduce taxes, fees, charges and land use fees to remove difficulties for production and business activities. Strive to increase revenue and save State budget expenditures.

The Prime Minister directed to soon have a plan to mobilize an additional 100,000 billion VND in government bonds for strategic infrastructure projects.

The State Bank and the Ministry of Construction immediately implemented specific solutions to promote disbursement of the 120,000 billion VND package for social housing loans.

Along with that, continue to resolutely implement solutions to stabilize the gold market according to regulations.

Resolutely further promote the disbursement of public investment capital and 3 national target programs; continue to promote the activities of 5 working groups of the Prime Minister and 26 working groups of Government members, and promptly allocate the remaining 29,100 billion VND of public investment capital.

The Prime Minister also said that the Government reported to the National Assembly for permission to proactively adjust the capital plan from unallocated and slow-disbursement areas to fast-disbursement areas with additional capital needs; striving to disburse over 95% of the assigned plan. Timely handle difficulties and obstacles, speed up the progress of important and key national infrastructure projects.

Scene of the regular Government meeting in May 2024

The Prime Minister also requested the urgent and timely promulgation of complete and timely decrees, circulars, and guiding documents, ensuring the simultaneous effectiveness of the Land Law, Housing Law, Real Estate Business Law, and Credit Institutions Law, etc.

Emphasizing that institutions, mechanisms and policies are resources, the Prime Minister said that a Steering Committee to review legal problems (headed by the Prime Minister) will soon be established. Along with that, he proposed to report to the National Assembly at the 8th session to issue a law amending many laws to remove difficulties and problems in various fields.

The Prime Minister also requested to prepare for salary reform according to the resolutions of the Central Committee and the National Assembly on the principles of ensuring fairness, equality, harmony and stability; propose the most suitable plan to be implemented from July 1, 2024 on issues related to salary scales, basic salaries and specific policies.

According to information from the meeting, total revenue for the first 5 months is estimated to reach 52.8% of the annual estimate, up 14.8% over the same period. Increase revenue, save expenditure and prepare 680,000 trillion VND for salary reform. Public debt, government debt, national foreign debt and budget deficit are controlled below the prescribed limit.

The tourism sector has recovered strongly, surpassing the same period before the pandemic. International visitors in May reached nearly 1.4 million; the total number of visitors in the first 5 months reached 7.6 million, up 64.9% compared to the same period in 2023 and up 3.9% compared to the same period in 2019 before the Covid-19 pandemic.

Disbursement of public investment capital in the first 5 months reached 22.3% of the plan, higher than the same period (22.2%). Social investment capital and private investment were promoted. FDI attraction reached 11 billion USD, up 2%, of which newly registered capital reached 7.9 billion USD, up 27.5%, the highest in the past 3 years; realized FDI capital reached 8.3 billion USD, up 7.8%, the highest since 2020, showing that although the fight against corruption has been promoted, investors' confidence has been strengthened and enhanced. In the first 5 months, 98,800 enterprises were newly established and returned to operation, up 4.1% over the same period, higher than the number of enterprises withdrawing from the market (97,300 enterprises).

PHAN THAO

Source: https://www.sggp.org.vn/thu-tuong-bao-dam-cai-cach-tien-luong-cong-bang-on-dinh-thuc-hien-tu-1-7-2024-post742538.html