State-owned firms could have wage autonomyVinalines corruption case aroused great public criticismThe Ministry of Finance has proposed salary reform that will allow state-owned firms to decide salaries so that boards of directors will be hired rather than appointed as currently. Meanwhile, in Vietnam, the leaders are appointed and paid high monthly wages despite billions in losses. To many appointed leaders, they are not concerned about funds at state firms and will claim collective responsibility. The highest monthly wage at firms where the state is the majority shareholder is VND90m. Statistics from the Ministry of Labour, Invalids and Social Affairs show that the average monthly wage of the managing board at 345 state-owned firms in 2013 was VND26m (USD1,100).

Source: VietNamNet News May 08, 2018 13:07 UTC