04 emulation and commendation titles in the banking sector in Vietnam

Hello, Lawnet would like to answer as follows:

On December 31, 2023, the Governor of the State Bank of Vietnam issued Circular 25/2023/TT-NHNN regulating emulation and commendation work in the banking sector, effective from February 28, 2024.

04 emulation and commendation titles in the banking sector in Vietnam

04 Emulation and commendation titles in the banking sector are prescribed in Circular 25/2023/TT-NHNN, including:

Title "Advanced Labor"

The title "Advanced Laborer" is awarded annually to individuals in the banking sector who well comply with the Party's guidelines and policies, State laws, regulations, and rules of the banking sector, locality, and unit and meet the following standards:

+ Complete tasks well or better;

+ Have the spirit of self-reliance, solidarity, and mutual support, and actively participate in the emulation movement.

Not considering awarding the title "Advanced Laborer" to individuals in one of the following cases: newly recruited for less than 10 months, disciplined in the form of reprimand or higher.

Title of "Advanced Labor Collective"

The title "Advanced Labor Collective" is awarded annually to collectives in the banking sector that meet the following standards:

+ Completing assigned tasks well;

+ Participating in regular, practical, and effective emulation movements;

+ At least 70% of individuals in the collective have achieved the title of "Advanced Laborer" and no individual has been disciplined in the form of a warning or higher;

+ Internal unity, good compliance with the Party's guidelines, policies, and laws of the State.

Title of "Excellent Labor Collective"

The title "Excellent Labor Collective" is awarded annually to collectives in the banking sector, selected among the collectives that have achieved the title "Advanced Labor Collective" and meet the following standards. :

+ Excellently completing assigned tasks;

+ Actively participate in regular, practical, and effective emulation movements;

+ 100% of individuals in the collective complete assigned tasks, of which at least 70% of individuals achieve the title "Advanced Laborer";

+ There is an individual who won the title of "Grassroots Emulation Soldier";

+ Internal solidarity, exemplary compliance with the Party's guidelines, policies, and laws of the State.

Title of "Emulation Flag of the State Bank"

The title "Emulation Flag of the State Bank" is awarded annually to collectives that well comply with guidelines and policies of the Party, State laws, regulations of the State Bank, units, and localities, leading the emulation movement of Emulation Blocks and Clusters, and meeting the following standards:

+ Exceeded emulation targets and assigned tasks during the year; is an outstanding collective in ministries, departments, branches, and provinces;

+ Internal solidarity; Party and union organizations are clean and strong; actively practice thrift, combat waste, prevent and combat corruption, negativity, and other social evils.

The title "Emulation Flag of the State Bank" is awarded to collectives leading thematic emulation movements launched by the Governor of the State Bank with an implementation period of 3 years or more when summarizing the emulation movement.

Standards for awarding medals "For the cause of Vietnam Banking" for individuals in the banking sector

The commemorative medal "For the cause of Vietnam Bank" (hereinafter referred to as the Medal) is a form of reward from the Governor of the State Bank to recognize the contributions of individuals inside and outside the banking sector who have made many contributions to the development process of the Vietnamese banking sector.

Individuals who have been or are currently working in the banking sector need to meet the standards prescribed in Clause 1, Article 13 of Circular 25/2023/TT-NHNN below to be awarded the commemorative medals:

- Individuals who complete the assigned tasks well or better (calculated for the total time used to consider awarding the commemorative medals) and have worked in the banking sector for 20 years for men and 15 years for women;

- Individuals who are automatically awarded medals include:

+ Bank officials recognized as martyrs;

+ Officials participating in the Preparatory Committee to Establish the Vietnam National Bank; bank officials participating in Battlefield B from 1968 onwards;

+ Bank officials are awarded the following titles by the State: "Golden Star Medal", "Ho Chi Minh Medal", Independence Medal of all ranks, and "Labor Hero" and comrades who are leaders of the State Bank;

- Individuals given priority for awarding commemorative medals include:

+ Officials working in the banking sector from May 6, 1951 to May 7, 1954 and having worked continuously for 10 years;

+ Bank officials participating in battlefields B, C, K during the resistance war against the US before April 30, 1975, their working time will be multiplied by a factor of 2 (one year equals 2 years) when considering gifts;

+ For officials who previously worked in the banking sector who were sent to the army, youth volunteers, went to school, or were transferred to another industry and then continued to return to the banking sector to work, that time is still counted as continuous working time in the banking sector when considering gifts.

Best regards!

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Key word: banking | banking sector | emulation | commendation | titles | in Vietnam |

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