The Ministry of Home Affairs is drafting a decree on salary, remuneration, and bonus schemes
The Ministry of Home Affairs is currently drafting a decree to regulate the salary, remuneration, and bonus schemes for direct representatives of the owner, state capital representatives, and supervisors in state-owned enterprises.
Specifically, the draft decree proposes regulations on the salary, remuneration, and bonuses of direct representatives of the owner, supervisors in state-owned enterprises with 100% state-owned capital, and state capital representatives in joint-stock companies and limited liability companies with two or more members, where the state holds over 50% to under 100% of the charter capital.
Seven salary levels proposed, divided into two groups
Regarding salary levels, the draft proposes that members of the council and supervisors shall enjoy a basic salary and additional salary based on production and business performance, to be decided by the enterprise after obtaining the owner’s opinion. The basic salary will be determined based on capital, revenue, and profit indicators, comprising seven levels divided into two groups:
(i) Group I includes four salary levels applicable to general corporations and economic groups; (ii) Group II comprises three salary levels applicable to independent enterprises (the draft decree proposes removing level 4 from Decree No. 44/2025/ND-CP to align with the process of arranging and improving the efficiency of state-owned enterprises). The highest level for the chairman (level 1 in Group I) is VND 80 million, and the lowest for members of the council and supervisors (level 3 in Group II) is VND 30 million per month.
Vietnam National Oil and Gas Group is one of the profitable state-owned enterprises
The salary levels are linked to the actual profits of the enterprise as follows:
– If the realized profit meets or exceeds the plan, the maximum salary shall not exceed twice the basic salary (with the chairman earning up to VND 160 million per month) as stipulated in Decree No. 44/2025/ND-CP.
– For large-scale enterprises with significantly higher profits than the minimum (in the fields of banking, telecommunications, and oil and gas with profits of VND 5,500 billion), which hold essential positions in the economy but have lower salaries than equivalent positions in the market, the draft continues to propose a higher maximum salary with additional salary frames for practical implementation.
Specifically, the maximum salary shall be: 2.5 times the basic salary (with the chairman earning up to VND 200 million per month) if the profit is twice the minimum; 3 times the basic salary (with the chairman earning up to VND 240 million per month) if the profit is three times the minimum; and 4 times the basic salary (with the chairman earning up to VND 320 million per month) if the profit is five times the minimum.
– For enterprises making losses or having no profits, the maximum salary shall range from 50% to 80% of the basic salary as per Decree No. 44/2025/ND-CP.
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