International Academic Olympiads: Awarding the First-Class Labor Medal to Students Winning Prizes

International Subject Olympiads: Awarding the First-Class Labor Medal to prize-winning students (Illustrative photo)

1. Cases of awarding the Labor Medal:

Coming soon, on November 1, 2020, when Decree 110/2020/ND-CP comes into effect, new reward policies for students, trainees, and university students who win prizes in international subject Olympiads will officially be applied.

This decree increases the prize money for individuals who win awards and, most importantly, awards the First-Class Labor Medal to students, trainees meeting one of the following criteria:

- Winning two consecutive World Gold Medals in international subject Olympiads;- Winning two consecutive first prizes in international scientific research competitions;- Winning a Gold Medal in the World Skills Competition.

Additionally, Decree 110/2020/ND-CP also specifies the cases eligible to receive the Second-Class and Third-Class Labor Medals, specifically:

- Awarding the Second-Class Labor Medal to students, trainees achieving one of the following:

- Gold Medal in international subject Olympiads;- First prize in international scientific research competitions;- Silver Medal in the World Skills Competition;- Gold Medal in the Asian Skills Competition.

- Awarding the Third-Class Labor Medal to students, trainees achieving one of the following:

- Silver Medal in international subject Olympiads;- Second prize in international scientific research competitions;- Bronze Medal in the World Skills Competition;- Silver Medal in the Asian Skills Competition.

It is evident that the State now officially recognizes the contributions of students in the nation-building process. The Labor Medal is a highly prestigious award exclusively for individuals and collectives with significant contributions to the country's development. Students, who have worked diligently day and night to achieve such accomplishments, certainly deserve the Labor Medal. However, to be awarded the First-Class Labor Medal, students must endure a challenging path. For those participating in international Olympiads, "two consecutive times" is a highly demanding yet honorable achievement. This proves that to receive the highest reward, students must continuously study and maintain the highest spirit.

2. Increase in prize money:

Alongside the prestigious Labor Medal, the prize money for individuals winning awards has significantly increased based on their achievements.

- For students, trainees winning in international subject Olympiads, international scientific research competitions, and the World Skills Competition, the prize amounts are as follows:

- Gold Medal or first prize: 55 million VND;- Silver Medal or second prize: 35 million VND;- Bronze Medal or third prize: 25 million VND;- Consolation: 10 million VND.

- For students, trainees winning in Asian subject Olympiads and the Asian Skills Competition, the prize amounts are as follows:

- Gold Medal: 35 million VND;- Silver Medal: 25 million VND;- Bronze Medal: 10 million VND;- Consolation: 8 million VND.

- For students, trainees winning in the Southeast Asian Skills Competition, the prize amounts are as follows:

- Gold Medal: 25 million VND;- Silver Medal: 10 million VND;- Bronze Medal: 8 million VND;- Consolation: 5 million VND.

Thus, students winning a world gold medal receive close to 37 times the statutory pay rate (the current statutory pay rate is 1.49 million VND), a silver medal is 23.4 times, a bronze medal is 16.7 times, and a consolation prize is 6.7 times. Students winning at the Asian and Southeast Asian levels receive prize money several times higher than the statutory pay rate, depending on their achievements.

Compared to previous regulations (Decision 158/2002/QD-TTg), the prize money has significantly increased (ranging from 7 million VND to 45 million VND, depending on the achievement). This substantial increase aims to encourage and motivate students to continue their efforts in studying and to perform even better in the future, contributing to the country's prosperity.

See more details at: Decree 110/2020/ND-CP, effective from November 1, 2020.

Nguyen Phu

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