Salaries, Wages, and Income from the Use of Foreign Capital Sources

Circular 72 regulates salaries and wages: Salary costs for officers and employees are calculated based on the rank and position salaries as stipulated by the State. Wages for labor are paid according to specific work and agreements.

Regarding additional income: The State encourages Project Management Boards to increase revenue, save on expenses, streamline staff, and increase income for employees based on their completion of assigned tasks, after fulfilling all obligations to the state budget. Depending on the financial performance of the year, the Project Management Board is allowed to decide on the total amount of additional income payment for employees for the year, which should not exceed three times the salary fund of ranks, positions, and allowances for officials and public employees as stipulated by the State.

Income payments for employees within the unit are carried out according to the principle: those with higher work efficiency and greater contributions to increased revenue and cost savings receive higher payments. The Project Management Board formulates a regulation on additional income distribution within the internal spending regulations based on the volume and tasks assigned, job completion level, ensuring the attraction of high-qualified labor, and ensuring reasonable correlation with the salaries of officials and public employees within the same unit. The additional income coefficient for leadership positions is capped at twice the average additional income coefficient of employees within the unit and is also based on the quantity, quality, and effectiveness of the work. The Director of the Project Management Board pays income according to the unit's internal spending regulations.

When the State adjusts regulations concerning salaries and raises the statutory pay rate, the additional rank and position salaries under state policy are ensured by the Project Management Board from the unit's financial sources.

See detailed Circular 72/2017/TT-BTC, effective from September 15, 2017.

-Thao Uyen-

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