What is the prize amount for students in Vietnam winning awards in the Asian Olympiad?

What is the prize amount for students in Vietnam winning awards in the Asian Olympiad?

Based on Clause 2 Article 5 of Decree 110/2020/ND-CP, the prize amount for students winning medals in the Asian Olympiad as follows:

Prize Amount

1. Students and trainees who win prizes in international Olympiads, international scientific and technical research competitions, and the WorldSkills competition are 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 prize: 10 million VND.

2. Students and trainees who win prizes in the Asian Olympiad and the Asian Skills Competition are rewarded as follows:

a) Gold Medal: 35 million VND;

b) Silver Medal: 25 million VND;

c) Bronze Medal: 10 million VND;

d) Encouragement prize: 8 million VND.

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Thus, the prize money for students winning medals in the Asian Olympiad is as follows:

- Students winning a Gold Medal: 35 million VND;

- Students winning a Silver Medal: 25 million VND;

- Students winning a Bronze Medal: 10 million VND;

- Students winning an encouragement prize: 8 million VND.

What is the prize amount for students in Vietnam winning awards in the Asian Olympiad? (Image from the Internet)

Which medal in the Asian Olympiad qualifies a student for the third-class labor medal in Vietnam?

Based on Clause 3 Article 3 of Decree 110/2020/ND-CP regulating the policies for awarding students, university students, and trainees who win prizes in national and international competitions:

Award Criteria

1. Award the first-class Labor Medal to students and trainees who achieve one of the following accomplishments:

a) Winning a Gold Medal twice consecutively in international Olympiads or winning the first prize twice consecutively in international scientific and technical research competitions;

b) Winning a Gold Medal in the WorldSkills competition.

2. Award the second-class Labor Medal to students and trainees who achieve one of the following accomplishments:

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

b) Winning a Silver Medal in the WorldSkills competition or a Gold Medal in the Asian Skills Competition.

3. Award the third-class Labor Medal to students and trainees who achieve one of the following accomplishments:

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

b) Winning a Bronze Medal in the WorldSkills competition or a Silver Medal in the Asian Skills Competition.

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Thus, students who win a Gold Medal in the Asian Olympiad will be awarded the third-class Labor Medal.

What are additional prizes for a student winning a gold medal in the Asian Olympiad and receiving the third-class labor medal in Vietnam?

Based on Point h Clause 1 Article 55 of Decree 98/2023/ND-CP regulating the reward amounts for various Labor Medals:

Reward Amounts for Various Medals

1. Individuals awarded or posthumously awarded medals receive a certificate, frame, and medal along with the following reward amounts:

a) “Gold Star Medal”: 46.0 times the statutory pay rate;

b) “Ho Chi Minh Medal”: 30.5 times the statutory pay rate;

c) “Independence Medal” first-class, “Military Exploit Medal” first-class: 15.0 times the statutory pay rate;

d) “Independence Medal” second-class, “Military Exploit Medal” second-class: 12.5 times the statutory pay rate;

dd) “Independence Medal” third-class, “Military Exploit Medal” third-class: 10.5 times the statutory pay rate;

e) “Labor Medal” first-class, “Victory Medal” first-class, “Fatherland Defense Medal” first-class: 9.0 times the statutory pay rate;

g) “Labor Medal” second-class, “Victory Medal” second-class, “Fatherland Defense Medal” second-class, “Great Unity Medal”: 7.5 times the statutory pay rate;

h) “Labor Medal” third-class, “Victory Medal” third-class, “Fatherland Defense Medal” third-class, and “Bravery Medal”: 4.5 times the statutory pay rate.

2. Collectives awarded various medals receive a certificate, frame, medal, and a reward amount double the individual prize amount specified in Clause 1 of this Article.

Thus, students winning a Gold Medal in the Asian Olympiad and receiving the third-class Labor Medal will receive an additional reward amounting to 4.5 times the statutory pay rate.

Based on Clause 2 Article 3 of Decree 73/2024/ND-CP defining the statutory pay rate:

Statutory Pay Rate

1. The statutory pay rate serves as the basis for:

a) Calculating salaries in various pay scales, allowance rates, and other policies as per the law for entities specified in Article 2 of this Decree;

b) Calculating operational and living expenses as stipulated by law;

c) Calculating deductions and benefits based on the statutory pay rate.

2. Effective from July 01, 2024, the statutory pay rate is 2,340,000 VND/month.

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The statutory pay rate currently is 2,340,000 VND/month.

Thus, students winning a Gold Medal in the Asian Olympiad and receiving the third-class Labor Medal will receive an additional reward as follows: 4.5 x 2,340,000 VND = 10,530,000 VND.