Salaries of top executives in State enterprises revealed

Wednesday, Sep 24, 2014 15:49

Monthly salaries of top executives range from US$1,900 to $3,100.— Photo

HA NOI (Biz Hub) — The salaries of 120 top executives of 11 State-owned companies range from VND40 million (US$1,900) to VND66 million ($3,100) per month, the Ministry of Industry and Trade reported on September 23.

The executives come from enterprises such as the Vietnam National Textile and Garment Group (Vinatex), Viet Nam National Petroleum Group (Petrolimex) and Viet Nam National Chemical Group (Vinachem).

Do Ngoc Khai, chairman and general director of Viet Nam Vegetable Oil Industry Corporation (Vocarimex), topped the list with a monthly salary of VND74.72 million ($ 3,550).

Following Khai were Phung Dinh Thuc, chairman of Petrol Vietnam's Member Council, with VND65.81 ($3,130) per month; Do Van Hau, Petrol Vietnam general director, with VND64.35 million ($3,060) per month; and Hoang Quoc Vuong, chairman of Vietnam Electricity's Member Council, with VND61.32 million ($2,920) per month.

Vu Viet Kha of Machines and Industrial Equipment Corporation had the lowest monthly salary at VND23.44 million ($1,110). The salaries are calculated in line with Decree No. 51/2013/ND-CP on wages, remuneration and bonuses for high officials of State-owned companies. — VNS

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