To complete the policy mechanism on wages to attract workers in mines and furnaces in Vietnam

To complete the policy mechanism on wages to attract workers in mines and furnaces in Vietnam (Internet image) 

Regarding this issue, LawNet would like to answer as follows:

This is the content mentioned in Decision 55/QD-TTg dated January 16, 2024, approving the Development Strategy of Vietnam's Coal Industry until 2030, with a vision to 2045 issued by the Prime Minister.

To complete the policy mechanism on wages to attract workers in mines and furnaces in Vietnam

Specifically, the tasks and solutions for implementing the Development Strategy of Vietnam's Coal Industry until 2030, with a vision to 2045, include:

(1) Regarding policy mechanisms

- Improve the legal framework for the coal industry in line with the development stages of the energy market, promoting efficient and resource-saving coal exploitation and utilization; at the same time, ensure consistency among related regulations in line with the country's actual conditions, international norms, and future development trends.

- Review, supplement, adjust, and improve policies on land, compensation for land clearance; forest management, protection, and development, etc., to ensure the development of coal industry projects that meet the goals of the Strategy.

- Create a favorable and transparent environment, aiming to remove all barriers to ensure transparent coal prices determined by the market.

- Issue support mechanisms and policies to promote foreign investment in coal exploration and exploitation.

- Enterprises engaged in coal production, business, and utilization should review and improve regulations on coal reserves, ensuring the supply of coal for production activities, especially electricity production, and including considerations for contingencies to cope with the risks of coal imports and extreme weather fluctuations.

(2) Regarding organization

- Concentrate production through linking, merging, and consolidating mines and coal production enterprises to create large-scale mines.

- Comprehensively restructure state-owned enterprises in the coal industry, focusing on core areas with strengths. Drastically restructure inefficient state projects and enterprises.

(3) Regarding finance and investment

- Prioritize budget allocation for basic exploration and resource investigation of domestic coal resources from the state budget and preferential funding sources.

- Diversify sources and forms of capital mobilization for coal industry development, especially for infrastructure, logistics systems serving coal imports, and coal mining projects in areas where the coal industry has not yet mastered the technology.

- Gradually enhance the ability to mobilize internal financial resources in coal industry enterprises through improving the efficiency and performance of enterprises, ensuring accumulation, and moving towards the main source of capital mobilization for investment projects from the accumulated capital of enterprises.

- Promote negotiations and effective use of funding sources; support capital arrangements from international partners in the process of a fair transition for the coal industry in line with the energy transition trend and Vietnam's goal of achieving net-zero emissions.

(4) Regarding human resources

- Actively improve the workforce of officials in training and developing human resources in the coal industry; enhance cooperation and joint ventures with foreign countries in training and developing human resources to meet the industry's requirements, in line with the requirements of international integration and the Fourth Industrial Revolution.

- Improve the policy mechanism for labor, wages, and benefits to attract workers (especially workers in mines and furnaces) to create motivation for workers to have long-term attachment to the coal industry, especially for highly skilled and technical workers.

(5) Regarding science, technology, safety, and the environment

- Enhance applied research, technology transfer, and mastery of advanced technologies in exploration, exploitation, transportation, processing, blending, and use of coal, coal resource management, environmental management, technical safety management, and coal production operation (especially advanced mining technologies, coal exploitation below -300m in the Northeast Coal Basin, and exploration and exploitation technologies in the Red River Coal Basin) in line with the trend of the Industrial Revolution 4.0.

- Promote equipment and technology conversion to improve efficiency and resource-saving in coal utilization; research and develop technologies for capturing and using coal mine gas generated during production and coal use; research and convert coal combustion technologies to co-firing with biomass, ammonia, etc., aiming for net-zero emissions by 2050.

- Strengthen research, application, and technology transfer in the processing of coal into clean energy forms and other products to diversify processed coal products.

- Harness domestic resources combined with expanding international cooperation in research, application of science and technology, technology transfer, and adoption of advanced technologies in the manufacture of equipment, materials, supplies for mining, and environmental treatment in the coal region.

- Review, amend, and supplement national standards and regulations in the coal industry to align with international regulations and standards in exploration, exploitation, transportation, processing, blending, reserves, use of coal, and reuse of mine waste land.

(6) Regarding business management, cost control, and risk management

- Strengthen strict control and monitoring of boundaries between mines and resources and minerals in the process of management, production, transportation, processing, and consumption of coal.

- Improve the system of technology indicators, basic standards, and economic-technical norms; establish a mechanism for identifying, assessing, preventing, and managing risks in investment, production, and business operations of enterprises.

- Restructure coal industry enterprises with specific roadmaps suitable for the development stages of the energy market.

More details can be found in Decision 55/QD-TTg, which takes effect from the date of signing.

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