The government recently issued Decree 248, stipulating the salary, remuneration, and bonus regime for direct representatives of state capital and controllers in state-owned enterprises. The decree takes effect on 15/9.
According to this decree, the base salary applied ranges from 30 to 80 million VND per month, depending on the position and the size of the enterprise.
The maximum monthly salary for board members and specialized controllers is determined based on the base salary and the enterprise's profit.
If an enterprise's profit is 2 to 4 times (or higher) than the minimum target, the leaders' maximum salary can be 2.5 to 4 times the base level. Thus, board members (including the chairman, general director, etc.) and specialized controllers of group 1 enterprises could receive up to approximately 320 million VND per month. Group 1 units include parent companies of economic groups, banks, state-owned corporations, and parent companies converted from state-owned corporations.
Leaders can receive a maximum salary of double the base salary if the enterprise achieves its profit target. When the enterprise surpasses the target, they will receive an additional 2% of their salary for every 1% of profit exceeded, but the total increase cannot exceed 20% of their salary.
If an enterprise's profit is lower than planned, the leaders' maximum salary is calculated as 80% of twice the base salary, adjusted according to the actual profit ratio.
For unprofitable enterprises, the maximum salary is 70% of the base level. For enterprises with losses or reduced losses, the maximum salary is 50% of the base level.
In addition, bonuses for board members and controllers are drawn from the reward and welfare fund according to the Law on Management and Investment of State Capital and other bonus regulations. This annual bonus cannot exceed the number of months of salary used to establish the reward fund (x) the allocation ratio between the two funds (x) the average actual monthly salary.
By the end of last year, there were more than 670 state-owned enterprises nationwide, with the state holding 100% ownership in about two-thirds of them and over 50% in the remaining ones. The sector with 100% state capital accounts for about 7% of the total assets and 10% of the equity of all enterprises in the market.
Last year, state-owned enterprises recorded nearly 3.3 quadrillion VND in revenue, a 24% increase. Pre-tax profit reached almost 227,500 billion VND, up 8%. They contributed nearly 400,000 billion VND to the state budget, a 9% increase.
Phuong Dung
