Salary Rates for Deputy General Director, Chief Accountant, and Employees of Vietnam Post Corporation

Salary Rates for Deputy General Director, Chief Accountant, and Employees of Vietnam Post Corporation​ (Illustration)

Circular 28/2008/TT-BLDTBXH stipulates the salary rates for deputy general director, chief accountant, and employees of Vietnam Post Corporation as follows:

From 2008 to the end of 2010:

- Deputy General Directors, Chief Accountants, and employees working under labor contracts are entitled to salarys calculated based on the salary unit price, using the following formula:

In which:

- L_db is the number of standard (or norm-based) employees determined according to the regulations set forth in Decision 65/2008/QD-TTg dated May 22, 2008, by the Prime Minister of the Government of Vietnam and guided by Circular No. 06/2005/TT-BLDTBXH dated January 5, 2005, of the Ministry of Labor, War Invalids and Social Affairs.

- TL_bq is the actual monthly average salary of the preceding year.

- K is the annual increase in the volume of public postal services ordered by the State compared to the volume of the preceding year, calculated as a percentage (%). For 2008, due to the recent separation from telecommunications, without comparable indicators, the General Director of Vietnam Post Corporation bases on the task volume and public postal service plan to determine K and report to the Board of Directors of Vietnam Posts and Telecommunications Group for a decision to ensure the salary unit price is calculated appropriately.

- Total planned revenue is the production and business target used as the basis for determining the salary unit price.

- The planned salary fund for Deputy General Directors, Chief Accountants, and employees working under labor contracts is determined according to the provisions of clause 3, section III of Circular No. 07/2005/TT-BLDTBXH dated January 5, 2005, of the Ministry of Labor, War Invalids and Social Affairs.- The actual salary fund for Deputy General Directors, Chief Accountants, and employees working under labor contracts is determined according to the provisions of clause 4, section III of Circular No. 07/2005/TT-BLDTBXH dated January 5, 2005, of the Ministry of Labor, War Invalids and Social Affairs, in which the actual salary fund according to the salary unit price is based on the salary unit price, actual total revenue, and adjusted according to the actual average labor productivity of the Corporation.

From 2011 onwards: The determination of salary unit price, planned salary fund, and actual salary fund shall be governed by the general provisions.

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

Ngoc Tai

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