Circular No. 19/2007/TT-BLDTBXH guiding the implementation of Decree No. 141/2007/NĐ-CP dated September 5, 2007 of the Government on salary system for state-owned parent companies and subsidiaries within economic groups.

CIRCULAR

Guidelines for implementing Decree No. 141/2007/NĐ-CP dated September 5, 2007, of the Government on salary regulations for state-owned parent companies and subsidiaries within economic groups

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Pursuant to Decree No. 141/2007/NĐ-CP dated September 5, 2007, of the Government on salary regulations for state-owned parent companies and subsidiaries within economic groups, the Ministry of Labor, Invalids and Social Affairs provides guidelines for implementation as follows:

I. SCOPE OF REGULATION AND APPLICABLE SUBJECTS.

The scope of regulation and applicable subjects for provisions on salary systems, salary supplements, and salary management under Articles 1 and 2 of Decree No. 141/2007/NĐ-CP are specified as follows:

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1.1. The parent company is a state-owned enterprise or a limited liability company with 100% state-owned charter capital, including:

a) Parent companies within economic groups established by decision of the Prime Minister;

b) Parent companies within economic groups approved by the Prime Minister for establishment plans and delegated to ministers, heads of ministerial-level agencies, heads of government agencies, chairpersons of provincial people's committees, and municipal people's committees directly under the central government to establish (hereinafter referred to as parent companies within economic groups established by ministers and chairpersons of provincial people's committees).

1.2. Subsidiaries are member companies within economic groups owned or controlled by the parent company, including:

a) State-owned enterprises operating under the state-owned enterprise model during the transitional period before conversion as stipulated in the Enterprise Law (hereinafter referred to as state-owned enterprises and independent accounting member companies);

b) Limited liability companies;

c) Parent companies that are state-owned enterprises or limited liability companies withinholding companies, companies operating under the parent-subsidiary model;

d) Limited liability companies with two or more shareholders;

(VND) from imported electricity, as specified in Clause 2 of this Article.joint stock companies;

e) Joint ventures with foreign entities g) Overseas subsidiaries.;

g) Foreign subsidiary company.

第二条 组织和实施奖励工作的支出水平，如政府第152/2025/NĐ-CP号决定关于分级授权和奖励领域的分权规定

2.1. Workers employed under labor contracts as prescribed in Decree No. 44/2003/NĐ-CP dated May 9, 2003, of the Government detailing and guiding the implementation of certain articles of the Labor Code regarding labor contracts in parent companies and subsidiaries;

2.2. Professional members and non-professional members of the Board of Directors; Members of the Supervisory Board; Professional members and non-professional members of the Board of Members or professional Chairpersons and non-professional Chairpersons; Professional Inspectors and non-professional Inspectors in limited liability companies wholly owned by the state; General Managers, Directors, Deputy General Managers, Deputy Directors, Chief Accountants in parent companies and subsidiaries (excluding General Managers, Directors, Deputy General Managers, Deputy Directors, Chief Accountants working under contracts in parent companies and wholly state-owned subsidiaries);

2.3. Persons appointed to represent the parent company's shareholding interest in subsidiaries.

II. SALARY REGULATIONS FOR PARENT COMPANIES.

Salary regulations for parent companies under Article 4 of Decree No. 141/2007/NĐ-CP are specified as follows:

1. Grading and salary supplements:

1.1. For workers employed under labor contracts:

Based on the nature and conditions of work assigned, technical grade standards for workers, professional and vocational standards for civil servants, grading and salary supplement for workers shall be as follows:

a) Workers employed in state-owned parent companies shall be graded according to the wage scale and wage list and enjoy salary supplements as prescribed in Decree No. 205/2004/NĐ-CP dated December 14, 2004, of the Government on the wage scale and wage list system and salary supplement regulations in state-owned enterprises and Circulars guiding their implementation.

b) Workers employed in parent companies which are limited liability companies wholly owned by the state with 100% charter capital shall be graded and enjoy salary supplements as prescribed in Decree No. 86/2007/NĐ-CP dated May 28, 2007, of the Government on labor management and salary regulations in limited liability companies wholly owned by the state with 100% charter capital and Circular No. 15/2007/TT-BLĐTBXH dated August 31, 2007, of the Ministry of Labor, Invalids and Social Affairs.

c) Civil servants holding positions of Department Heads, Deputy Department Heads; Professional Inspectors in limited liability companies shall be graded according to the professional and vocational wage list and enjoy position salary supplements as follows:

d) Grading of workers from other areas transferring to work at parent companies shall be implemented based on the principle of doing what work, grading according to that work, without retaining previous salary levels, specifically as follows:

- Those transferring to work as direct production or service workers shall be graded according to the job assigned, technical grade standards for workers, and the company shall organize skill level tests. Workers achieving a certain level in a trade shall be placed in the corresponding wage grade according to the wage scales and lists prescribed by the state.

- Those transferring to work in professional, administrative, or service positions at the company shall be graded according to the professional and vocational wage list for the position they hold. The wage grade shall be determined based on the job held, previous salary level, and the salary levels of those performing similar jobs at the company.

1.2. For members of the Board of Directors, members of the Supervisory Board; members of the Board of Members (or the Chairman of the company), Inspectors; General Directors, Deputy General Directors, and Chief Accountants:

1.2.1. Dedicated members of the Board of Directors; dedicated members of the Board of Members (or the dedicated Chairman of the company); General Directors, Deputy General Directors, and Chief Accountants (hereinafter referred to as management officials):

a) Salary scale for management officials of economic groups:

b) Salary reclassification:

- Management officials holding a certain position shall be reclassified to that position as follows:

+ Old grade 1 transfers to new grade 1. The time for the next salary increase will be calculated from the date of the decision on new grade 1;

+ Old grade 2 transfers to new grade 1. The time for the next salary increase will be calculated from the date of the decision on old grade 2. In cases where the old grade 2 has been held for three years or more, or if the coefficient of the old grade 2 plus the retention difference coefficient (if any) is higher than the coefficient of new grade 1, then it will transfer to new grade 2.

- Newly appointed management officials holding a certain position shall be classified according to that position as follows:

+ Classified into grade 1, if the salary coefficient (including position allowance if any) before appointment is equal to or lower than the coefficient of grade 1. The time for the next salary increase will be calculated from the date of classification into grade 1. In cases where the difference between the salary coefficient before appointment and the coefficient of grade 1 is less than 70% of the difference between the coefficients of grades 1 and 2 of the management officials' salary scale, the time for the next salary increase will be calculated from the date of the previous salary level;

+ Classified into grade 2, if the salary coefficient (including position allowance if any) before appointment is higher than the coefficient of grade 1.

- Management officials with old salary coefficients (including position allowances and retention difference coefficients if any) higher than the new grade 2 coefficient will be reclassified to new grade 2 and enjoy the retention difference coefficient equivalent to the old salary coefficient.

- Management officials who cease to hold managerial positions will have their salaries reclassified according to their new job and position without retaining the old salary coefficient or transferring to a new equivalent salary coefficient.

c) Decision on salary classification:

Management officials appointed by which level shall have their salaries decided by that level. However, for management officials of companies listed in the annex to Decree No. 86/2006/NĐ-CP dated August 21, 2006, amending and supplementing some articles of Decree No. 132/2005/NĐ-CP dated October 20, 2005, of the Government on the implementation of the rights and obligations of state owners towards state-owned companies, the salary classification shall be decided by the Minister managing the sector on behalf of the Prime Minister.

d) For parent companies in the Articles of Association approved by the Prime Minister, which provide for a management and operation structure with the position of Executive Director, the position of Executive Director shall be applied with a salary classification equivalent to the position of Chief Accountant; for subordinate units of the parent company, management officials shall be classified according to the company category specified in Circular Joint Circular No. 23/2005/TTLT-BLDTBXH-BTC dated August 31, 2005, of the Ministry of Labor, Invalids and Social Affairs and the Ministry of Finance guiding the classification and salary classification for dedicated members of the Board of Directors, General Directors, Directors, Deputy General Directors, Deputy Directors, and Chief Accountants of state-owned companies.

1.2.2. Non-dedicated members of the Board of Directors, members of the Supervisory Board (excluding the Head of the Supervisory Board); non-dedicated members of the Board of Members (or the non-dedicated Chairman of the company), non-dedicated Inspectors shall enjoy duty allowances as follows:

1.2.3. Members of the Board of Directors, members of the Supervisory Board; members of the Board of Members (or the Chairman of the company), Inspectors, General Directors, Deputy General Directors, Chief Accountants, depending on the nature and working conditions, shall enjoy additional allowances according to the provisions of Decree No. 205/2004/NĐ-CP dated December 14, 2004, of the Government and the guiding circulars.

1.3. The salary coefficients and additional allowances stipulated in Clause 1.2.1 and Clause 1.2.2, Section II of this Circular shall be calculated based on the general minimum wage level announced by the Government as the basis for calculating the benefits as provided for in Article 5 of Decree No. 205/2004/NĐ-CP dated December 14, 2004, of the Government.

2. Management of wages:

2.1. For employees working under labor contracts and Deputy General Directors, Chief Accountants.

a) For state-owned parent companies, implement labor management, wage, and bonus management according to the provisions of Decree No. 206/2004/NĐ-CP dated December 14, 2004, of the Government on labor management, wages, and income in state-owned companies; Article 4 of Decree No. 94/2006/NĐ-CP dated September 7, 2006, of the Government adjusting the general minimum wage level and guiding circulars No. 07/2005/TT-BLDTBXH dated January 5, 2005, and No. 12/2006/TT-BLDTBXH dated September 12, 2006, of the Ministry of Labor, Invalids and Social Affairs.

For companies that meet the conditions stipulated in Article 4 of Decree No. 206/2004/NĐ-CP dated December 14, 2004 of the Government and Point b, Clause 1, Section III of Circular No. 07/2005/TT-BLDTBXH dated January 5, 2005 of the Ministry of Labor, Invalids and Social Affairs, and have planned profits higher than those of the preceding year by at least 5%, they may apply an additional adjustment factor not exceeding twice the general minimum wage announced by the Government as the basis for calculating the unit price of wages.

b) For parent companies that are state-owned limited liability companies with 100% capital contribution, labor management and wage systems shall be implemented in accordance with Decree No. 86/2007/NĐ-CP dated May 28, 2007 of the Government and Circular No. 15/2007/TT-BLDTBXH dated August 31, 2007 of the Ministry of Labor, Invalids and Social Affairs.

The unit price of wages for parent companies must be registered with the representative of the owner before implementation. For parent companies within economic groups established by the Prime Minister's decision then registration shall be made with the Ministry of Labor, Invalids and Social Affairs, and the Ministry of Finance.

2.2. For members of the Board of Directors, members of the Board of Members (or Chairman of the company), Supervisors, General Director.

a) For parent companies that are state-owned enterprises, the wage and bonus system and responsibility regime shall be implemented in accordance with Decree No. 207/2004/NĐ-CP dated December 14, 2004 of the Government on the wage and bonus system and responsibility regime for members of the Board of Directors, General Directors, and Directors of state-owned enterprises, and Circular No. 08/2005/TT-BLDTBXH dated January 5, 2005 of the Ministry of Labor, Invalids and Social Affairs providing guidance.

b) For parent companies that are state-owned limited liability companies with 100% capital contribution, the wage and bonus system and responsibility regime shall be implemented in accordance with Decree No. 86/2007/NĐ-CP dated May 28, 2007 of the Government and Circular No. 15/2007/TT-BLDTBXH dated August 31, 2007 of the Ministry of Labor, Invalids and Social Affairs.

The planned wage fund of members of the Board of Directors, members of the Board of Members (or Chairman of the company), Supervisors, General Director must report to the representative of the owner for review before implementation. For parent companies within economic groups established by the Prime Minister's decision then registration shall be made with the Ministry of Labor, Invalids and Social Affairs, and the Ministry of Finance.

2.3. Production and business indicators serving as the basis for determining wages.

Production and business indicators serve as the basis for determining the unit price of wages, the actual wage fund of workers, Deputy General Directors, Chief Accountants, and the planned wage fund and actual wage fund of members of the Board of Directors; members of the Board of Members (or Chairman of the company), Supervisors; The General Director, as stipulated in Clause 2.1 and Clause 2.2, Section II of this Circular, is the total revenue; total revenue minus total expenses (excluding wages); total product (including total converted products sold); profit from production and business activities, financial activities, and other activities as prescribed by law.

The total revenue, total expenses, and profit of parent companies that are state-owned enterprises shall be calculated according to Decree No. 199/2004/NĐ-CP dated December 3, 2004 of the Government promulgating the Financial Management Regulations of State-Owned Enterprises and the Management of State Capital Invested in Other Enterprises, and the guiding documents of the Ministry of Finance. For parent companies that are state-owned limited liability companies with 100% capital contribution, they shall be calculated according to Circular No. 24/2007/TT-BTC dated March 27, 2007 of the Ministry of Finance guiding the Financial Regulations of State-Owned Limited Liability Companies, political organizations, and social-political organizations.

The total product (including converted products) sold indicator shall be calculated according to Circular No. 06/2005/TT-BLDTBXH dated January 5, 2005 of the Ministry of Labor, Invalids and Social Affairs.

2.4. Establishing wage regulations and bonus regulations.

a) Companies are responsible for establishing wage regulations and bonus regulations as the basis for paying wages and bonuses to workers, members of the Board of Directors, members of the Board of Members (or Chairman of the company), Supervisors, General Directors, Deputy General Directors, Chief Accountants in accordance with the law, ensuring democracy, fairness, transparency, and openness.

b) Wages and bonuses must be linked to job titles, productivity, and business performance, encouraging reasonable remuneration (without a maximum limit) for individuals with talent, professional qualifications, high productivity, significant contributions to the company, and market wage levels.

c) When establishing wage regulations and bonus regulations, there must be participation from the Company Trade Union Executive Committee, while also disseminating to each worker and registering with the representative of the owner before implementation.

III. WAGE REGIME FOR SUBSIDIARIES.

The wage regime for subsidiaries is specified in Article 5 of Decree No. 141/2007/NĐ-CP as follows:

1. For holding companies, independent accounting companies; parent companies in holding companies, companies operating under the parent-subsidiary model, and limited liability companies with 100% ownership by the parent company.

1.1. Wage classification and allowances:

1.1.1. For employees working under labor contracts.

a) Based on the nature, working conditions, and assigned tasks, technical grade standards for skilled workers, professional standards for staff, and vocational standards to classify wages and allowances for employees in accordance with Decree No. 205/2004/NĐ-CP dated December 14, 2004 of the Government, Decree No. 86/2007/NĐ-CP dated May 28, 2007 of the Government, and the guiding circulars.

b) Staff holding positions such as Department Heads, Deputy Department Heads; full-time Supervisors in limited liability companies shall be classified according to the professional and vocational pay scale and shall enjoy position allowances according to the company's rank, among which Supervisors shall enjoy position allowances equivalent to those of Department Heads.

c) The salary classification for employees transferring from other areas to work at a subsidiary company shall be carried out in accordance with the provisions set forth in point d, Clause 1.1, Section II of this Circular.

1.1.2. For specialized members of the Board of Directors, specialized members of the Board of Members (or specialized Chairperson of the company), General Director, Director, Deputy General Director, Deputy Director, Chief Accountant, position-based salaries shall be classified according to the company's grade; Non-specialized members of the Board of Members (or non-specialized Chairperson of the company), members of the Supervisory Board (excluding the Head of the Supervisory Board), non-specialized supervisors shall receive job responsibility allowances; Additionally, depending on the nature and working conditions, they may also enjoy wage supplements as stipulated in Decree No. 205/2004/NĐ-CP dated December 14, 2004; Decree No. 86/2007/NĐ-CP dated May 28, 2007 of the Government and guiding circulars.

For subsidiaries meeting all the following conditions, the Chairman of the Board of Directors, Chairman of the Board of Members (or Chairperson of the company) or General Director, Director shall request the parent company within the Economic Group to submit a report to the representative of the owner, the Ministry of Labor - Invalids and Social Affairs, the Ministry of Finance regarding the salary and wage supplements according to the Holding Company; review and submit to the Prime Minister for decision on the salary and wage supplements according to the Holding Company:

a) Salary and wage supplements according to the Special Holding Company:

- Playing a significant role in the Economic Group established by the Prime Minister's decision;

- Having a registered capital of VND 700 billion or more; Profit of VND 70 billion or more; Tax payment to the state budget of VND 70 billion or more;

- Having ten or more member units.

b) Salary and wage supplements according to the Holding Company (excluding subsidiaries established as part of the Holding Company decision):

+ Having a registered capital of VND 500 billion or more; Profit of VND 50 billion or more; Tax payment to the state budget of VND 50 billion or more;

+ Having five or more member units.

The accompanying documents with the parent company's request for salary and wage supplements according to the Special Holding Company or Holding Company include:

- Decision on establishment of the company; Decision approving the Charter of organization and operation of the company;

- Explanation of the indicators for registered capital, profit, tax payment to the state budget, where the tax payment indicator is calculated based on the amount generated during the period, and profit is calculated based on the pre-tax realized profit. In cases where profit is lower than the specified level due to the performance of public welfare tasks or government intervention to stabilize the market, the factors reducing profit must be clearly explained.

- Explanation of the significant role in the Economic Group (for the case of requesting salary and wage supplements according to the Special Holding Company), reflecting the company's position in the development of the Economic Group and other subsidiaries; scope of domestic and foreign operations, labor attraction and utilization;

- Financial statements of the previous fiscal year and production and business plan for the requested year.

The transfer of salary classification and decision on salary classification according to the Special Holding Company or Holding Company shall be carried out in accordance with the provisions set forth in point b and point c, Clause 1.2, Section II of this Circular.

1.2. Management of wages:

1.2.1. For employees working under labor contracts and members of the Board of Directors, General Director, Director, Deputy General Director, Deputy Director, Chief Accountant of subsidiaries that are Holding Companies, independent accounting companies; parent companies that are state-owned companies within Holding Companies, companies operating under the parent-subsidiary model, shall manage labor, wages, and income in accordance with Decree No. 206/2004/NĐ-CP, Decree No. 207/2004/NĐ-CP dated December 14, 2004, Article 4 of Decree No. 94/2006/NĐ-CP dated September 7, 2006 of the Government and guiding circulars of the Ministry of Labor - Invalids and Social Affairs.

1.2.2 For employees working under labor contracts and members of the Board of Members (or Chairperson of the company), supervisors, General Director, Director, Deputy General Director, Deputy Director, Chief Accountant of subsidiaries that are limited liability companies wholly owned by the parent company; parent companies that are limited liability companies wholly owned within Holding Companies, companies operating under the parent-subsidiary model, shall manage labor and wages in accordance with Decree No. 86/2007/NĐ-CP dated May 28, 2007 of the Government and Circular No. 15/2007/TT-BLĐTBXH dated August 31, 2007 of the Ministry of Labor - Invalids and Social Affairs.

1.2.3 The Chairman of the Board of Directors; Chairman of the Board of Members (or Chairperson of the company) or General Director, Director must report to the parent company the unit price of wages, planned wage fund for members of the Board of Directors, members of the Board of Members (or Chairperson of the company), supervisors, General Director, Director for review before implementation.

1.2.4. The company has the responsibility to establish wage regulations, bonus regulations, and wage and bonus payment regulations for employees and members of the Board of Directors, members of the Board of Members (or Chairperson of the company), supervisors, General Director, Director, Deputy General Director, Deputy Director, Chief Accountant as prescribed for the parent company in Clause 2.4, Section II of this Circular.

2. For companies with two or more shareholders, joint-stock companies, enterprises

in joint ventures with foreign countries. Enterprises shall establish and register wage scales, wage lists, wage supplements, and determine the wage fund and bonuses in accordance with Decree No. 114/2002/NĐ-CP dated December 31, 2002 of the Government detailing and guiding the implementation of certain provisions of the Labor Code on wages; Decree No. 03/2006/NĐ-CP dated January 6, 2006 of the Government setting minimum wage levels for Vietnamese workers employed by enterprises with foreign investment, foreign agencies, organizations, international organizations, and foreign individuals in Vietnam, and guiding circulars No. 13/2003/TT-BLĐTBXH, No. 14/2003/TT-BLĐTBXH dated May 30, 2003 of the Ministry of Labor - Invalids and Social Affairs.

For companies and enterprises where more than 50% of the charter capital is held by the parent company, the Chairman of the Board of Directors; the Chairman of the Members Council (or the Company Chairman); or the General Director, Director must register the salary plan with the parent company before implementation.

3. For subsidiary companies abroad.

Subsidiary companies abroad establish salary scales, wage tables, allowances, and determine the wage fund and bonus fund according to the laws of the host country. For companies wholly owned by the parent company, the Chairman of the Board of Directors or the General Director report to the parent company the salary scale, wage table, allowance, wage fund, and bonus fund for review before implementation.

IV. IMPLEMENTATION.

The responsibilities of companies and state management agencies under Articles 6, 7, and Article 8 of Decree No. 141/2007/ND-CP are specified as follows:

1. The Chairman of the Board of Directors, the Chairman of the Members Council (or the Company Chairman) or the General Director of the parent company shall be responsible for directing:

1.1. Based on labor law regulations, develop and promulgate human resource policies for economic groups, including:

a) Developing recruitment plans, labor utilization plans; training and enhancing professional skills, technical expertise, and vocational knowledge for workers annually and during each period in accordance with the economic group's production and business development plan;

b) Establishing systems of standards, norms, and regulations:

- Job titles and positions system; professional and vocational standards, technical levels linked to job titles and positions;

- Work process and norm standards; working hours, rest periods; occupational safety and health;

- Recruitment, training, promotion, remuneration, appointment, dismissal, contract signing with managerial staff; internal labor rules; collective labor agreements; negotiation, bargaining, and dispute resolution procedures.

c) Establishing a wage system tied to job titles and positions undertaken and various forms and conditions of remuneration when terminating employment, taking leave, sick pay, maternity benefits, study leave; social insurance and health insurance systems.

d) Periodically summarizing, concluding, and evaluating the implementation of labor policies and wage policies within the economic group.

1.2. Implementing wage policies for the parent company:

a) In the first quarter of each year, report to the owner representative on the implementation of the previous year's production, business, labor, and wage plans (according to Form 1 attached); planned unit wage rates, wage funds for the planning year for Board of Directors members, Members Council members (or Company Chairman), Supervisors, Parent Company General Director, simultaneously sending to the local tax authority as a basis for taxation (according to Form 2a or 2b attached). Specifically, for parent companies in economic groups established by the Prime Minister's decision, report to the Ministry of Labor, Invalids and Social Affairs, the Ministry of Finance.

b) Determine the actual wage fund, bonus fund, and pay wages and bonuses to workers based on productivity and business efficiency according to the company's wage regulation and bonus regulation.

1.3. Implementing wage policies for subsidiaries:

a) Review and consider subsidiaries' proposals to report to the owner representative, the Ministry of Labor, Invalids and Social Affairs, the Ministry of Finance for the Prime Minister's decision on wage grading and allowances according to special corporations; consider wage grading and allowances according to corporations;

b) Accept and review proposed unit wage rates, wage funds for the planning year; decide on advance payments of wages and bonuses and the repayment of excess wages and bonuses beyond the state-prescribed limits for Board of Directors members; Members Council members (or Company Chairman), Supervisors; Subsidiary General Directors, Directors stipulated in Clause 1, Section III of this Circular. Specifically, for subsidiaries in economic groups established by the Prime Minister's decision that are graded according to special corporations, after the parent company reviews the proposed unit wage rates and wage funds for the planning year, send to the Ministry of Labor, Invalids and Social Affairs for consolidation and monitoring.

c) Accept registration of wage plans from subsidiaries that are limited liability companies with two or more shareholders, joint-stock companies, foreign-invested enterprises where the parent company holds over 50% of the charter capital; Review the planned wage fund and bonus fund of subsidiaries abroad wholly owned by the parent company.

1.4. Exercise rights and responsibilities towards representatives of the parent company's shareholding in subsidiaries:

a) Direct representatives of the parent company's shareholding to guide and require subsidiaries to establish salary scales, wage tables, allowances, and wage and bonus schemes consistent with the economic group's labor, wage, and bonus policies. On this basis, representatives have the responsibility to report to the parent company on the implementation status of subsidiaries they represent;

b) Develop plans for paying responsibility allowances and bonuses for individuals appointed as shareholding representatives in subsidiaries according to legal provisions;

1.5. In the first quarter of each year, report to the owner representative on the implementation of the previous year's production and business, labor, and wage plans within the economic group (according to Form 3);

1.6. Inspect and supervise subsidiaries in implementing the provisions of this Circular.

2. The Chairman of the Board of Directors, the Chairman of the Members Council (or the Company Chairman) or the General Director, Director of subsidiaries shall be responsible for directing the implementation:

2.1. For holding companies, independent accounting companies; parent companies in holding companies, companies under the parent-subsidiary model; single-member limited liability companies:

a) Based on the conditions stipulated in this Circular, request the parent company to report to the owner representative, the Ministry of Labor, Invalids and Social Affairs, the Ministry of Finance for the Prime Minister's decision on wage grading and allowances according to special corporations; consider wage grading and allowances according to corporations;

b) Develop labor plans, business plans, profits as the basis for determining unit prices of wages, wage funds of Board of Directors members, Members of the Shareholders' Council (or Company Chairman), Supervisors, General Managers, Directors;

c) In January each year, develop and register unit prices of wages with the parent company; develop wage funds of Board of Directors members, Members of the Shareholders' Council (or Company Chairman), Supervisors, General Managers, Directors for review by the parent company before implementation, while sending to the local tax authority as the basis for calculating taxes (according to form number 2a or 2b attached);

d) Determine actual wage funds, bonus funds; establish labor norms; technical grade standards for workers, professional and vocational standards for civil servants; regulations on salary grade promotion, salary increase; wage payment regulations, bonus payment regulations and implement wage and bonus payments to employees in accordance with laws and policies of the Economic Group;

đ) In the first quarter of each year, report to the parent company on the implementation of production and business plans, profits, labor, wages, bonuses of the previous year (according to form number 1 attached);

2.2. For limited liability companies with two or more shareholders, joint-stock companies, and joint ventures with foreign entities:

a) Develop wage scales, wage tables, supplementary wage systems, and register with the provincial Department of Labor, Invalids and Social Affairs where the company's headquarters is located;

b) In January each year, develop wage plans as the basis for paying wages to employees, while sending to the local tax authority as the basis for calculating taxes. For companies held by the parent company with over 50% of the charter capital, register the wage plan with the parent company before implementation;

c) Determine actual wage funds, bonus funds; establish labor norms; technical grade standards for workers, professional and vocational standards for civil servants; regulations on salary grade promotion, salary increase; wage payment regulations, bonus payment regulations and implement wage and bonus payments to employees in accordance with laws and policies of the Economic Group;

d) In the first quarter of each year, report to the parent company on the implementation of production and business plans, profits, labor, wages, bonuses of the previous year (according to form number 3 attached);

2.3. For overseas subsidiaries:

a) Develop wage and bonus systems and implement reporting on labor, wages, bonuses according to the laws of the host country. For companies wholly owned by the parent company, report to the parent company on plans for using labor, wage funds, bonus funds before implementation;

b) In the first quarter of each year, report to the parent company on the implementation of production and business plans, profits, labor, wages, bonuses of the previous year (according to form number 3 attached);

3. Responsibilities of Ministries, agencies at the level of ministries, government agencies, provincial People's Committees towards the Economic Group they represent as the owner;

3.1. Coordinate with the Ministry of Labor, Invalids and Social Affairs, the Ministry of Finance to submit to the Prime Minister the determination of wages and supplementary wages according to special corporations; examine the determination of wages and supplementary wages according to corporations for subsidiaries specified in this Circular;

3.2. Receive reports on the implementation of production and business plans, labor, wages of the previous year of the Economic Group; examine the registration of unit price wage plans; appraise the planned wage fund, decide on advance payment of wages and bonuses and the repayment of excess wages and bonuses stipulated by the State for Board of Directors members, Members of the Shareholders' Council (or Company Chairman), Supervisors, General Managers of the parent company within the Economic Group;

3.3. Coordinate with the Ministry of Labor, Invalids and Social Affairs, the Ministry of Finance to inspect the determination of unit prices of wages and planned wage funds of Board of Directors members, Members of the Shareholders' Council (or Company Chairman), Supervisors, General Managers of the parent company within the Economic Group established by the Prime Minister's decision;

3.4. In the first quarter of each year, compile and report to the Ministry of Labor, Invalids and Social Affairs on the implementation of production and business plans, labor, wages of the previous year of the Economic Group (according to form number 4 attached);

3.5. Inspect and supervise the implementation of the provisions of this Circular in the Economic Group;

4. Responsibilities of the Ministry of Labor, Invalids and Social Affairs;

4.1. Take the lead, coordinate with the Ministry of Finance and the representative owner to submit to the Prime Minister the determination of wages and supplementary wages according to special corporations; examine the determination of wages and supplementary wages according to corporations for companies specified in this Circular; inspect the determination of unit prices of wages and planned wage funds of Board of Directors members, Members of the Shareholders' Council (or Company Chairman), Supervisors, General Managers of the parent company within the Economic Group established by the Prime Minister's decision;

4.2. Inspect and supervise the implementation of the provisions of this Circular in economic groups;

V. EFFECTIVE DATE OF IMPLEMENTATION;

1. Based on the guidance content of this Circular, Ministries, agencies at the level of ministries, government agencies, provincial People's Committees, and Chairmen of the Board of Directors, Chairmen of the Shareholders' Council (or Company Chairmen) of the parent company in the Economic Group direct the implementation of wage policies in accordance with the State's regulations;

2. This Circular takes effect 15 days from the date of publication in the Official Gazette;

The determination of unit prices of wages and wage funds for 2007 of Board of Directors members, Members of the Shareholders' Council (or Company Chairmen), Supervisors, General Managers, Directors of the parent company and subsidiaries within the Economic Group shall be carried out in accordance with the provisions of this Circular.

3. For state-owned companies with 100% charter capital that are subsidiaries of economic groups but not subsidiary companies, the management of salaries shall be carried out in accordance with the provisions of Decree No. 206/2004/NĐ-CP; Decree No. 207/2004/NĐ-CP dated December 14, 2004; Article 4 of Decree No. 94/2006/NĐ-CP dated September 7, 2006 of the Government, and guiding Circulars of the Ministry of Labor, War Invalids and Social Affairs.

4. State-owned joint-stock companies, wholly state-owned limited liability companies operating under the parent company-subsidiary model shall apply the provisions of Article 6 of Decree No. 141/2007/NĐ-CP dated September 5, 2007 of the Government.

During the implementation process, if there are any difficulties, it is recommended that ministries, ministerial-level agencies, government-affiliated agencies, provincial people's committees under the central government, and companies report to the Ministry of Labor, War Invalids and Social Affairs for consideration and resolution./.