Vietnam: What is the bonus paid to students winning gold medals in International Olympiads?

What is the bonus paid to students winning gold medals in International Olympiads in Vietnam?

Under Article 5 of Decree 110/2020/ND-CP stipulating the reward policies for students winning prizes in national and international competitions:

Bonuses

1. Students winning prizes in the International Olympiad subjects, international scientific and technical research competitions, and world vocational skills competitions will be rewarded as follows:

a) Gold Medal or First Prize: 55 million VND;

b) Silver Medal or Second Prize: 35 million VND;

c) Bronze Medal or Third Prize: 25 million VND;

d) Encouragement Award: 10 million VND.

2. Students winning prizes in the Asian Olympiad subjects, Asian vocational skills competitions will be rewarded as follows:

a) Gold Medal: 35 million VND;

b) Silver Medal: 25 million VND;

c) Bronze Medal: 10 million VND;

d) Encouragement Award: 8 million VND.

3. Students winning prizes in Southeast Asian vocational skills competitions will be rewarded as follows:

a) Gold Medal: 25 million VND;

b) Silver Medal: 10 million VND;

c) Bronze Medal: 8 million VND;

d) Encouragement Award: 5 million VND.

4. Students winning prizes in national competitions stipulated in Clause 1, Article 2 of this Decree will be rewarded as follows:

a) First Prize: 4 million VND;

b) Second Prize: 2 million VND;

c) Third Prize: 1 million VND.

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The bonus paid to students winning gold medals in International Olympiads in Vietnam is 55 million VND.

What is the bonus paid to students winning gold medals in International Olympiads in Vietnam? (Image from the Internet)

What order is awarded to students winning gold medals in International Olympiads in Vietnam?

Under Article 3 of Decree 110/2020/ND-CP:

Reward Standards

1. The First-Class Labor Order shall be awarded to students achieving one of the following accomplishments:

a) Winning a continuous Gold Medal twice in the International Olympiad subjects or winning the first prize continuously twice in international scientific and technical research competitions;

b) Winning a Gold Medal in the World vocational skills competition.

2. The Second-Class Labor Order shall be awarded to students achieving one of the following accomplishments:

a) Winning a Gold Medal in the International Olympiad subjects or the first prize in international scientific and technical research competitions;

b) Winning a Silver Medal in the World vocational skills competition or a Gold Medal in the Asian vocational skills competition.

3. The Third-Class Labor Order shall be awarded to students achieving one of the following accomplishments:

a) Winning a Silver Medal in the International Olympiad subjects or the second prize in international scientific and technical research competitions or a Gold Medal in the Asian Olympiad subjects;

b) Winning a Bronze Medal in the World vocational skills competition or a Silver Medal in the Asian vocational skills competition.

4. The Diplomas of Merit from the Prime Minister of Vietnam shall be awarded to students achieving one of the following accomplishments:

a) Winning a Bronze Medal in the International Olympiad subjects or the third prize in international scientific and technical research competitions or a Silver Medal in the Asian Olympiad subjects;

b) Winning a Bronze Medal in the Asian vocational skills competition or a Gold Medal in the Southeast Asian vocational skills competition.

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The students winning a gold medal in the International Olympiad will be awarded the Second-Class Labor Order. In addition, students winning two consecutive gold medals in the International Olympiad will be awarded the First-Class Labor Order.

Under Article 55 of Decree 98/2023/ND-CP, the provisions are as follows:

Bonuses for Different Types of Orders

1. Individuals awarded or posthumously awarded any type of order will be given a Certificate, a frame, and the order with the following bonuses:

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e) "First-Class Labor Order", "First-Class Labor Feat Order", "First-Class Fatherland Defense Order": 9.0 times the statutory pay rate;

g) "Second-Class Labor Order", "Second-Class Labor Feat Order", "Second-Class Fatherland Defense Order", "Great National Unity Medal": 7.5 times the statutory pay rate;

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According to Article 3 of Decree 73/2024/ND-CP, the statutory pay rate is 2,340,000 VND/month.

Students winning gold medals in International Olympiads will receive the following bonus along with the Order:

- Winning a gold medal in the International Olympiad once: 17,550,000 VND

- Winning two consecutive gold medals in the International Olympiad: 21,060,000 VND

What are the funding sources for rewarding students winning gold medals in International Olympiads in Vietnam?

Under Article 6 of Decree 110/2020/ND-CP, the funding for rewarding students winning gold medals in International Olympiads is covered by the Ministry of Education and Training, the Ministry of Labor - Invalids and Social Affairs from the state budget.

In addition, the Government of Vietnam encourages organizations and individuals to use other lawful funds to reward students winning prizes in national and international competitions.