Guaranteed wage increase but no price increase
On the morning of October 21, at the 8th session of the 15th National Assembly, on behalf of the Government, Prime Minister Pham Minh Chinh presented a report on the implementation of the socio-economic development plan for 2024 and the projected socio-economic development plan for 2025.
According to Prime Minister Pham Minh Chinh, in general, since the beginning of the year, the socio-economic situation has been more positive month after month, higher quarter after quarter, and the first 9 months have achieved many important results, higher than the same period last year in most areas.
It is estimated that 14/15 targets for the year will be achieved and exceeded (the target of GDP per capita will be achieved if GDP growth is over 7%). Notably, the target of labor productivity growth exceeded the set plan, after 3 years of not achieving it.
GDP growth in the first 9 months reached 6.82%; estimated for the whole year at 6.8 - 7%, higher than the target assigned by the National Assembly (6 - 6.5%), belonging to the group of countries with high growth rates in the region and the world, highly appreciated by many large and prestigious international organizations.
The average consumer price index (CPI) in the first 9 months increased by 3.88% (in the context of salary increase). The foreign exchange market is basically stable, the interest rate level has decreased. The State budget revenue in the first 9 months reached 85.1% of the estimate, up 17.9% over the same period...
Prime Minister Pham Minh Chinh said the Government has allocated nearly 700 trillion VND, ensuring enough resources to increase the basic salary by 30% for cadres, civil servants, public employees, and armed forces.
The Government has issued Decree No. 74/2024/ND-CP on adjusting the regional minimum wage for employees in enterprises by 6% in 2024; at the same time, adjusting pensions, social insurance, preferential allowances for people with meritorious services and social allowances from July 1, 2024 to the highest level ever.
The Head of Government affirmed that social security is guaranteed; basic salary will be increased and pensions, social insurance, preferential allowances for people with meritorious services, and social allowances will be adjusted from July 1, 2024, while solutions will be effectively implemented to ensure salary increases without price increases; preferential policies for people with meritorious services to the revolution will be well implemented.
In addition, sustainable poverty reduction solutions and policies have been effectively implemented in the spirit of "leaving no one behind"; the poverty rate has decreased by 1% to 1.93%; the happiness index has increased by 11 places, ranking 54/143; social housing construction has achieved positive results...
Speed up the arrangement of administrative units at district and commune levels
Prime Minister Pham Minh Chinh proposed many key solutions for the final months of the year, including measures to control supply and prices of goods, especially essential goods; striving to increase the State budget revenue in 2025 by at least 5% compared to 2024.
At the same time, resolutely reduce and simplify administrative procedures; continue to build a streamlined, effective and efficient apparatus; promote decentralization and delegation of power along with resource allocation; promote proactiveness, self-reliance and self-reliance at all levels; resolutely eliminate the "ask - give" mechanism. The Government will also resolutely innovate and rearrange public service units; accelerate the rearrangement of district and commune-level administrative units; promote national digital transformation, effectively implement Project 06 and digital transformation projects.
The Government will also effectively implement the 8th Power Plan; develop mechanisms and policies for the development of electricity, renewable energy, and hydrogen. Promote investment in developing agricultural and rural infrastructure, adapting to climate change; national digital infrastructure, innovation infrastructure, etc. "In particular, we will absolutely not allow a shortage of electricity for economic development" - the Prime Minister emphasized.
Prime Minister Pham Minh Chinh affirmed that under the leadership of the Party and the supervision of the National Assembly, the Government will focus on directing ministries, branches and localities to promote the strength of great solidarity, the spirit of innovation, creativity, daring to think, daring to do, the will to be self-reliant and self-reliant and the aspiration to rise up, turning all difficulties and challenges into opportunities for breakthroughs, with high determination, great efforts and drastic actions to successfully complete the set goals, compete to make achievements to welcome the 14th National Party Congress of the Party, bringing our country confidently and firmly into a new era, an era of national growth, affirming the country's position in the international arena, actively contributing to peace, cooperation, development and prosperity.
