This is a proposal from the Draft Decree stipulating the salary, remuneration, and bonus regime for direct state owners, state capital representatives, and inspectors in state-owned enterprises.
This Draft Decree has changed the fundamental approach: salaries will be linked to production and business performance, and the criterion of profit margin will be removed.
Accordingly, the basic salary is divided according to the scale of the enterprise, which is divided into two groups (corporations, corporations, and independent enterprises) with 7 specific levels. The highest basic salary a Chairman can receive is 80 million VND/month, and the lowest is 30 million VND/month for inspectors in small enterprises.
State-owned enterprises’ salaries will be based on production and business results. |
Based on the basic salary, the actual salary can increase depending on business performance. If the enterprise fulfills the profit plan, the salary can be doubled (up to 160 million VND/month).
If the profit exceeds the minimum by 2, 3, or 4 times, the salary will be increased accordingly: 2.5 times (maximum of 200 million VND if the profit reaches 11,000 billion VND); 3 times (maximum of 240 million VND, profit of 16,500 billion); 4 times (maximum of 320 million VND, profit of 27,500 billion VND).
On the other hand, enterprises that incur losses or make no profit will only pay 50%-80% of the basic salary.
The Ministry of Home Affairs stated that this proposal is based on the reality that some large state-owned enterprises currently pay their leaders salaries of 200-210 million VND/month. In the banking sector, some chairmen receive salaries of up to 300 million VND, while board members and inspectors earn an average of 213 million VND/month.
This draft sets out an official salary framework to standardize and adjust it according to the Law on Management and Investment of State Capital in Enterprises 2025. At the same time, it encourages enterprises to improve business performance, pay salaries based on abilities and actual results, instead of the “uniform” approach used previously.
The Draft also requires that those receiving high salaries take corresponding responsibility for the enterprise’s performance and risks.
Vu Diep
– 14:44 26/06/2025
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