Deputy PM values ILO recommendations for Vietnam

Deputy PM Vuong Dinh Hue speaks at the meeting - Photo: VGP

At a meeting with Director of ILO Vietnam Chang-Hee Lee in Hanoi on November 8, the Deputy PM said that the ILO recommendations will be helpful for the promulgation of the related policies in the near future.

Deputy PM Hue, who is also head of the Steering Committee for reform of wages and social insurance policies, and incentive policies for national contributors, met with the ILO Vietnam Director to exchange their international experience and receive the ILO recommendations for the building and completion of the project on the reform of wage and social insurance policies in Vietnam.

Hue said that the Vietnamese Government is building a project on the reform of wage and social insurance policies which is expected to be approved in May 2018.

The Deputy PM suggested that the ILO continues to provide specific recommendations related to wage policy, particularly the payment based on working positions and hierarchy, in addition to providing Vietnam with wage and social insurance models from other countries for reference.

The Director of ILO Vietnam said that Vietnam should improve its statistics on wage and strengthen the capacity of the secretariat in order to assist the National Wage Council, while developing a formula to estimate and adjust the minimum wage.

Regarding the social insurance policy, the ILO expert recommended that Vietnam needs to change step by step and avoid a sudden shift, as well as boosting the coverage of social insurance.

*On the same day, Deputy PM Hue, who is also head of the Government Steering Committee on Price Management, chaired a meeting on price regulations in the remaining months of this year and the price stabilisation in localities affected by typhoon Damrey and the subsequent floods.

He praised the localities, ministries and sectors for actively overcoming the aftermath of the typhoon and floods, while ensuring enough goods and stable prices for local residents affected by the floods.

He noted that the price regulation is still within the control of the Government, which will contribute to achieving the economic growth target of 6.7% for the whole of 2017.
The Head of the Steering Committee also asked the Ministry of Information and Communications and media agencies to provide accurate information on the losses and damages due to the typhoon and floods to avoid causing psychological impacts and an increase in the prices of goods.