“Unraveling the Business Strategies of Gas Tycoons: A Deep Dive into the Salary Structures of 3,400 Companies.”

Prime Minister: Amending 13 Laws with Numerous Issues and Shortcomings

On the afternoon of August 7, Prime Minister Pham Minh Chinh chaired a meeting of the Steering Committee for reviewing and handling issues in the system of legal normative documents.

According to the Ministry of Justice, the review has revealed numerous urgent issues in 13 laws that need to be addressed to remove difficulties, bottlenecks, and promote growth, control inflation, and stabilize the macro-economy.

These laws include the Law on Investment with 4 groups of contents; the Law on Public Investment with 7 groups of contents; the Law on Investment in the form of Public-Private Partnership (PPP Law) with 5 groups of contents; the Law on Enterprises with 1 content, the Law on Planning and the Law amending and supplementing a number of articles of 37 Laws related to planning with 10 groups of contents; the Law on State Budget with 5 groups of contents; the Law on Tax Administration with 5 groups of contents; the Law on Management and Use of Public Assets with 9 groups of contents; the Law on Accounting with 7 groups of contents; the Law on National Reserves with 2 groups of contents; the Law on Independent Audit with 7 groups of contents; and the Law on Securities with 8 groups of contents.

Concluding the meeting, the Prime Minister emphasized that the review and handling of issues in the system of legal normative documents must be based on practical situations, respect practical situations, and closely follow practical situations. He added that the people and businesses should be placed at the center of this process, creating breakthroughs and removing difficulties for them.

Taking Responsibility to the Prime Minister for Incomplete Disbursement of the Socio-Economic Recovery Program’s Capital

The National Assembly has allowed the extension of the implementation period and

disbursement of investment capital from the state budget

allocated for projects under the socio-economic recovery and development program until December 31, 2024. This means that there are only 5 months left for ministries, central agencies, and local governments to disburse the entire capital of the program. The disbursement rate has reached over 78%.

The Minister of Planning and Investment has requested the heads of agencies and localities to focus on directing and removing obstacles and difficulties faced by the projects. At the same time, units must report and clarify the situation of capital allocation and disbursement expected by the end of the year.

“Ministries, central agencies, and localities must take full responsibility to the Government and the Prime Minister in case of delays or failure to disburse the full capital of the program,” the Minister of Planning and Investment emphasized.

Regarding public investment disbursement, the Ministry of Planning and Investment reported that as of the end of July, the implementation rate reached nearly 35% of the plan, a decrease compared to the same period last year (37.8% of the plan). There are still 33 ministries, central agencies, and 25 localities with disbursement rates lower than the national average.

3,400 Enterprises Subject to Labor and Salary Survey

The Ministry of Labor, Invalids, and Social Affairs (MOLISA) will conduct a survey on labor and salaries in enterprises across 18 provinces and cities directly under the Central Government, representing 8 economic regions of the country. These localities have a large number of enterprises and a well-developed labor market.

The regions included in the salary survey are: the Red River Delta region (Hanoi, Hai Phong, Hai Duong, Bac Ninh, and Vinh Phuc); Northeast region (Quang Ninh); Northwest region (Hoa Binh); North Central region (Thanh Hoa and Nghe An); South Central Coast region (Da Nang and Khanh Hoa); Central Highlands region (Dak Lak); Southeast region (Ho Chi Minh City, Dong Nai, Binh Duong, and Ba Ria-Vung Tau); and Mekong Delta region (Long An and Can Tho).

The survey targets include: 3,400 enterprises; and employees in different positions and job titles working in these enterprises. MOLISA will collect information on production and business, labor, and salaries in these enterprises.

Previously, on June 30, the Government issued Decree No. 74/2024/ND-CP stipulating the regional minimum wage for laborers working under labor contracts. From July 1, the regional minimum wage rates are as follows: Region I: VND 4,960,000/month; Region II: VND 4,410,000/month; Region III: VND 3,860,000/month; and Region IV: VND 3,450,000/month.

Pension and Allowance Payments through Accounts in 20 Provinces and Cities from September 1

According to the Social Insurance Agency, the industry has focused on ensuring all resources and reducing intermediaries to promptly pay pensions and social insurance allowances to beneficiaries.

Statistics show that in the latest payment on August 1, the Social Insurance Agency directly transferred money to pay pensions and monthly social insurance allowances to the personal accounts of beneficiaries in 43 provinces and cities.

In the initial transition phase, there were some issues with the connection between the systems of the Social Insurance Agency and the banks. As a result, a portion of the beneficiaries did not receive their benefits as per the announced payment schedule.

From September 1, the industry will implement the transfer of pension and allowance payments through the bank accounts of the people in the remaining 20 provinces.

The Vietnam Social Security emphasizes that in case the beneficiary has declared their bank account number incorrectly, leading to not receiving the benefits for the August payment period, they should promptly notify the Social Insurance Agency to change the information so that the benefits can be transferred to their personal accounts as soon as possible, ensuring their rights and interests.

Inspection of a Renowned Gasoline and Oil ‘Big Player’

The Ministry of Industry and Trade has established an inspection team for a large-scale gasoline and oil enterprise in the North, namely

Hai Linh Company Limited

, headquartered in Phu Tho province.

Regarding the business conditions of Hai Linh Company Limited, the Ministry of Industry and Trade has requested the Department of Industry and Trade of Phu Tho province to verify and provide information about 9 retail gasoline and oil stores owned by the company and 15 retail agents of gasoline and oil belonging to the Hai Linh system in the province.

The Ministry of Industry and Trade has also requested the Departments of Industry and Trade of Lao Cai, Lang Son, Ha Giang, Vinh Phuc, Thai Nguyen, and Bac Ninh provinces to verify and provide information about the retail agents of gasoline and oil directly under the distribution system of Hai Linh Company operating in these provinces.

According to

Tien Phong

newspaper, Hai Linh Company Limited is located in Zone 2, Song Lo Ward, Viet Tri City, Phu Tho Province. It is one of the largest enterprises in the North and always among the biggest gasoline and oil enterprises in Vietnam. There were periods when Hai Linh was among the 8 enterprises with revenue of over VND 10,000 billion.

Despite achieving high revenue and good growth during the 2017-2019 period, the company’s profit has shown a decreasing trend year by year. In 2017, the company’s profit was VND 469.9 billion, which decreased to VND 423.3 billion in 2018 and VND 449 billion in 2019.

Previously, in July 2022, Hai Linh Company was fined VND 60 million for failing to send periodic reports on gasoline and oil distribution to the Ministry of Industry and Trade as required. At that time, the company had 13 directly owned retail stores, 1 general agent, and 67 gasoline and oil agents.