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What are the salaries at other state-owned groups?
The state manages salaries at state-owned groups in the following way: annually, companies calculate a total amount for salaries based on the business results of the previous year and submit the plan to the MoLISA and the Finance Ministry. Based on this approved salary plan, companies may allocate the funds according to their own rules.
At the Vietnam Coal and Mineral Group (Vinacomin), the average income of 13,000 workers is over 4.3 milllion dong per month, according to a recent auditing report.
The director of a subsidiary of Vinacomin said that the highest salary in any of the Vinacomin companies may not be more than 22 times the lowest, in case the company’s profit 5 percent higher than the previous year.
“The monthly income of Vinacomin Group chairman Doan Van Kien is around 40 million dong. It’s nearly 40 million dong for the general director and 30 million for members of the management board and deputy general directors,” this official said.
He said that as the director of a subsidiary, he earns over 20 million dong a month. The income of Vinacomin department chiefs is also around 20 million dong per month.
The Deputy General Director of the Electricity of Vietnam Group (EVN) subsidiary in Quang Tri province said that the income of this group’s workers is not as high as people think. The average income for 84,000 EVN employees is around 3.9 million dong a month. The pay for top officials is around 4-5 times above that average.
Tri said that the group has lost a lot of talented people due to its payment mechanism and this is a problem for EVN.
A former deputy general director of EVN said that according to regulations, the salary for officials is not allowed to exceed nine times’ the pay of a staff member. The earnings of a department chief cannot be more than five times the pay of professional staff and the experts’ pay cannot be more than four times the pay of normal employees.
However, the salaries of top officials of state-owned economic groups differ depending on their position, their qualifications and their performance.
According to this former official, a department chief at EVN earns from 17 to 18 million per month and a deputy department chief from 12 to 13 million. “This level of salary is high in comparison to the common level but not high compared to the oil and gas (Vietnam Petroleum and Gas Group), aviation groups (Vietnam Airlines) and VNPT (Vietnam Post and Telecommunications Group),” he said.
According to Tien Phong’s survey, the current pay of a deputy general director at EVN is over 20 million dong per month and its chairman is paid over 30 million.
Vu Ngoc Hai, chairman of the Vietnam Petroleum Import Export Corporation (Petrolimex), recently told reporters that though the corporation makes the biggest contribution to the state budget, the average income of its staff is only 3.6 million dong per month. Hai, as the corporation’s chairman, earns only 17-18 million dong a month. The pay for the general director and deputy general director is several million less than Hai.
At the Military Telecom Corporation (Viettel), staff don’t know each other’s income. On average, employees who have worked for Viettel for several years earn around 10 million dong a month. A division chief disclosed that he earns more than 30 million dong per month.
It is strange that though the monthly income of staffs at state-owned groups is legitimate, it is not public information.
A Tien Phong reporter contacted an official of the VNPT to ask about salary. The official answered “I’ll tell you when there’s a convenient opportunity.” Some officials at other groups also refused to talk about salary and bonuses.
VietNamNet/Tien Phong
Quote:
Originally Posted by jackbl
Big losses but huge salaries – is it acceptable?
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