Law firm - Plan on regional minimum salary levels must finished within June of 2011
The Government convened its regular meeting on June 1-2 and requested ministries, sectors and localities to consistently and seriously implement the solutions enshrined in the Resolution 11, focusing on keeping the 2011 inflation rate under 15%; economic growth rate at around 6%; reducing State budget overspending to less than 5% and trade deficit under 16%; saving regular expenditure by 10%.
This is acknowledged in the Resolution No. 83/NQ-CP dated June 05, 2011; especially the Resolution emphasizes on the role of the State Bank of Vietnam in continuing its tightened, cautious, and flexible monetary policy in a bid to maintain the credit growth at less than 20% this year, total means of payment at around 15-16%, with quarterly and monthly even allocation in accordance with real market situation;
One of other prominent point is that the Government appoints The Ministry of Labor, Invalids and Social Affairs works with other ministries and relevant agencies to study and develop ways of adjusting regional minimum salary levels of business sector, submit them to the Government for consideration in its regular meeting for June, 2011; coordinates with localities to assist low-income groups, people who work in centralized industrial parks and free laborers.
The Ministry of Planning and Investment is responsible for coordinating with the Ministry of Finance and other relevant agencies to give instructions to and supervise the cut and reallocation of public investment in line with the spirit of the Resolution 11 until June 30, 2011.
The Ministry of Construction and the Ministry of Finance coordinate with the State Bank of Viet Nam to analyze, evaluate and report to the Government in June about the performance of the real property and securities markets, then put forth measures to the Government to organize and manage these markets for efficient operations of the markets, contributing to economic growth.
The Government highly appreciated the successful outcomes of the elections for the 13th National Assembly and People’s Council at all levels for 2011- 2016 term following the effort by the entire political system and the active participation of the whole country’s voters. The elections took place in a democratic, equal and lawful manner; political security, social order and safety were secured during the elections.
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