Base salary for public sector workers to increase from July 2023

The National Assembly (NA) has decided to raise the base salary for cadres, civil servants, and public employees to 1.8 million VND (72.5 USD) per month from July 1, 2023.

Base salary for public sector workers to increase from July 2023 -0
At the meeting

This is part of a resolution on the state budget estimates for 2023 approved by the NA on November 11 during its fourth session.

Accordingly, the state budget collection target for next year is set at 1.62 quadrillion VND, the state budget spending over 2 quadrillion VND, and overspending 455.5 trillion VND - equivalent to 4.42% of GDP, and the budget’s borrowings 648.2 trillion VND.

The resolution also said the overall reform of the salary policy, which was identified in Resolution 27-NQ/TW issued at the seventh session of the 12th Party Central Committee on May 21, 2018, won’t be carried out in 2023.

Meanwhile, the base salary for cadres, civil servants, and public employees will increase to 1.8 million VND per month from July 1, 2023. Retirement pensions and social insurance benefits for those covered by the state budget will be raised by 12.5%. More financial aid will be provided for persons retiring before 1995 and having low pensions, along with revolution contributors. Besides, spending on the social security policies linked with the base salary will go up by 20.8%.

Also on November 11, the NA approved a resolution on the central budget allocation for 2023.

In particular, the central budget revenue is targeted at nearly 863.57 trillion VND, and the local budget revenue nearly 757.18 trillion VND. The central budget spending is set more than 1.29 quadrillion VND.

Politics-Diplomacy

NA Standing Committee convenes 42nd session
Politics-Diplomacy

NA Standing Committee convenes 42nd session

The National Assembly (NA) Standing Committee convened its 42nd session in Hanoi on February 5, focusing on reviewing and providing feedback on draft laws and resolutions set for immediate issuance to facilitate the restructuring and streamlining of the government apparatus.

PM Pham Minh Chinh chairs Government's monthly meeting
Politics-Diplomacy

PM Pham Minh Chinh chairs Government's monthly meeting

Stressing that all ministries and localities must achieve a minimum growth rate of 8% to lay the groundwork for double-digit growth in the coming years, PM Pham Minh Chinh requested the Government members to propose measures to stabilise the macroeconomy, curb inflation, promote growth, revitalise both traditional and emerging growth drivers.

Top leaders of Vietnam, Cuba hold phone talks
Politics-Diplomacy

Top leaders of Vietnam, Cuba hold phone talks

On behalf of the Party, State, people of Cuba and General Raul Castro Ruz, Diaz-Canel conveyed the best wishes to the Party, State and people of Vietnam on the occasion of the 95th founding anniversary of the CPV (February 3, 1930 - 2025) and the Lunar New Year of the Snake.

State leader meets with staff of Presidential Office
Politics-Diplomacy

State leader meets with staff of Presidential Office

Emphasising that 2025 is a year of acceleration and breakthrough to achieve the targets outlined in the 13th National Party Congress's Congress, as well as the nation’s five-year and ten-year socio-economic development plans, President Cuong stressed the need for the Presidential Office to ensure higher operational efficiency after the organisational streamlining.