Salary Fund of the General Director of Vietnam Post Corporation

Recently, the Ministry of Labor, Invalids and Social Affairs (MOLISA) issued Circular 28/2008/TT-BLDTBXH providing guidance on determining the wage unit price for the Vietnam Post Corporation in accordance with Decision 65/2008/QD-TTg on the provision of public postal services.

Salary Rate Vietnam Post Corporation, Circular 28/2008/TT-BLDTBXH.

Salary Fund of the General Director of Vietnam Post Corporation (illustrative image)

Circular 28/2008/TT-BLDTBXH stipulates the salary fund of the General Director of Vietnam Post Corporation as follows:

From 2008 to the end of 2010:

  1. The planned salary fund of the General Director of the Corporation is calculated according to the following formula:

Vqlkh = [TLbq + (TLbq x K/100% x 0.8)] x 12 months

Where:

- Vqlkh is the planned salary fund of the General Director of Vietnam Post Corporation.- TLbq is the average monthly actual salary of the previous year.- K is the annual increase rate in the volume of public postal services ordered by the State compared to the previous year, used as the basis for calculating the salary rate according to clause 1, section II of this Circular.

  1. The actual salary fund of the General Director of the Corporation is determined based on the planned salary fund and adjusted according to the average labor productivity indicators of the Corporation.

From 2011 onwards: The determination of salary rates, planned salary fund, actual salary fund shall comply with the general regulations.

More details can be found in Circular 28/2008/TT-BLDTBXH, effective from December 25, 2008.

Ngoc Tai

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