THE GOVERNMENT
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No: 03/2001/ND-CP
Hanoi, January 11, 2001
 
DECREE
AMENDING AND SUPPLEMENTING A NUMBER OF ARTICLES OF THE GOVERNMENT’S DECREE NO. 28/CP OF MARCH 28, 1997 ON RENOVATING MANAGEMENT OF WAGES AND INCOMES IN THE STATE ENTERPRISES
THE GOVERNMENT
Pursuant to the Law on Organization of the Government of September 30, 1992;
Pursuant to the Labor Code of June 23, 1994;
Pursuant to the Law on State Enterprises of April 20, 1995;
At the proposal of the Minister of Labor, War Invalids and Social Affairs,
DECREES:
Article 1.- To amend and supplement a number of Articles of the Governments Decree No. 28/CP of March 28, 1997 on renovating the management of wages and incomes in the State enterprises as follows:
1. To amend Clause 2, Article 1 as follows:
"2. When applying the regulating coefficient for increase of minimum wage level, enterprises must ensure the following conditions: Fulfilling the State budget remittance obligations as prescribed by law; gained profits must not be lower than those of the preceding year (except for special cases where so permitted by the State) and must ensure that the wage increase rate is lower than the labor productivity growth rate.
For enterprises which implement all the above-mentioned provisions, if their work constantly require the number of laborers with high professional and technical skills which represents more than 50% of their total laborers and their estimated profit amounts are 5% or more higher than the gained profits of the receeding year, they shall be entitled to apply the regulating coefficient for the increase of minimum wage, which must not exceed the double of the State-prescribed minimum wage level to serve as basis for calculating wage unit prices.
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