Vietnamese
On September 15, 2025, the Government promulgated Decree No. 248/2025/ND-CP on the salary, remuneration, and bonus regime for direct ownership representatives, representatives of state capital, and controllers at state-owned enterprises (SOEs).
Decree No. 248/2025/ND-CP provides regulations on the salary, remuneration, and bonuses of:
Direct ownership representatives at SOEs;
Controllers;
Representatives of state capital at enterprises and credit institutions in which the State holds more than 50% of charter capital (excluding policy banks).
Scope of application
Group 1: Direct ownership representatives (Members’ Council, Chairperson of the company), Head of Supervisory Board, Controllers, and capital representatives at wholly state-owned enterprises.
Group 2: Representatives of state capital at joint-stock companies, limited liability companies with two or more members, and credit institutions in which the State holds over 50% to less than 100% of charter capital.
Group 3: Ownership-representative authorities and relevant organizations and individuals.
General principles for salaries, remuneration, and bonuses
(1) Classification of payment regime
Full-time representatives receive salaries according to the enterprise’s salary scale (used as the basis for compulsory social, health, and unemployment insurance contributions).
Part-time representatives receive salaries from the ownership-representative authority and remuneration paid by the enterprise.
Salaries, bonuses, and remuneration are all included in the enterprise’s common salary fund.
(2) Basis for payment
The enterprise’s salary fund, bonus fund, and salary regulations;
Specific decisions made by the Members’ Council, company Chairperson, Board of Directors, or General Meeting of Shareholders;
Payments must not exceed the ceilings stipulated in Chapter II of the Decree.
(3) Salary, remuneration, and bonus ceilings
Determined according to positions (Chairperson, Member of the Board of Directors, Members’ Council, company Chairperson, Controller, etc.);
Linked to business performance indicators (equity, revenue, enterprise income tax pre-tax profit, or total revenue – total expenses).
For example:
A Chairperson concurrently serving as General Director is entitled to the salary of a Chairperson plus 20%.
A Board member concurrently holding an executive position receives remuneration under the executive regime, plus remuneration as a non-executive member.
Where the Supervisory Board has only one person, payment is determined according to the Head of Supervisory Board level.
(4) Capital representatives not concurrently holding positions on the Board of Directors/Members’ Council
Full-time: salaries and bonuses paid by the enterprise;
Part-time: salaries paid by the ownership-representative authority plus remuneration from the enterprise corresponding to the position.
(5) Adjustments in special cases
Where profit/revenue results are affected by objective factors (as provided in Appendix I), the Members’ Council or company Chairperson may exclude such factors when calculating salaries and bonuses to ensure accurate reflection of actual business performanc
