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Subscribe to
The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
28.9 C
Ho Chi Minh City
Wednesday, April 2, 2025

PM wants regular spending reduced to prioritize salary reforms

The Saigon Times

Must read

HCMC – To reallocate resources to bolster salary and social insurance reforms, Prime Minister Pham Minh Chinh has called for ministries and local authorities to cut regular spending by 5% and curtail budgets for meetings, foreign trips and other non-essential activities.

Despite having accumulated savings of over VND560 trillion, specifically designated for salary reform, the PM Chinh pointed out inefficiencies and wasteful practices in budget and asset management.

On January 4, he issued Directive 01/CT-TTg mandating an immediate 5% reduction in spending. This includes expenditures on conferences, seminars, ceremonies and overseas assignments.

The Government leader is advocating for a shift that reduces the share of regular spending to 60% of the total budget. The goal is to redirect these savings towards social welfare, debt reduction, and increased investment in development projects, mitigating budget deficits.

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