I have a question regarding salary and incentives for employees in wholly state-owned enterprises. What are regulations on planned salary budget in specific circumstances of wholly state-owned enterprises in Vietnam? Thank you!
Pursuant to Article 12 of the Circular 26/2016/TT-BLĐTBXH stipulating regulations on planned salary budget in specific circumstances of wholly state-owned enterprises in Vietnam as follows:
- In regard to enterprises trading in pubic products and services that the Government orders, plans and assigns or solicits through tender, the planned salary budget shall correspond with the quantity of public products and services ordered, assigned or solicited by the Government.
- If statutory limits on the production and/or trading public products and services that the enterprise manufactures or provides causes the labor output planned not to surpass that attained in the immediately previous year or to increase at a lower level than the consumer price index forecasted in the relevant year according to the National Assembly's Resolution on planning of annual economic and social development, the planned average salary shall take in an additional amount not exceeding the increase in the consumer price index anticipated annually according to the National Assembly's resolution.
Above are regulations on planned salary budget in specific circumstances of wholly state-owned enterprises in Vietnam.
Best regards!