Guidelines on the Distribution of Salaries by the Viettel Group

17:18, 10/07/2024

Decree 121/2016/ND-CP was signed and promulgated by the Government of Vietnam to pilot the management of labor and salaries for the Viettel Group in the period 2016 - 2020.

According to the provisions of Decree 121/2016/ND-CP, the distribution of salaries by Viettel Group and the companies in which Viettel Group holds more than 50% of the charter capital shall be carried out as follows:

- Provisions for the salary reserve fund for the following year shall not exceed 17% of the company's actual salary fund;- Formulating a salary payment regulation by position and job title, linked to labor productivity, business efficiency, and the task completion level of business managers and workers;- Implementing salary advances and salary payments for business managers and workers in accordance with the law and the company's salary payment regulations.

See the full text of the regulation at Decree 121/2016/ND-CP which takes effect from October 10, 2016.

- Thanh Lam -

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