Circular No. 70/1999/TT-BTC guides the amendment and supplementation of Circular No. 24/1999/TT-BTC dated March 4, 1999, issued by the Ministry of Finance, guiding financial management in implementing the system of rewards for outstanding achievements in economic and social tasks and national defense.

This circular guides the amendment and supplementation of Circular No. 24/1999/BTC-TT on financial management in rewarding outstanding achievements. The main content is to adjust the reward amount for collectives awarded a Certificate of Merit by the Prime Minister and excellent labor collectives, units.

Document No.70/1999/TT-BTC
Document typeCircular
Issuing authorityMinistry of Finance
Signed byNguyen Thi Kim Ngan
Updated16/06/2026
SectorUnclassified
FieldBudget Management
Issued date09/06/1999
Effective date14/08/1998
Expiry date01/01/2001
StatusExpired
✦ Smart summary

This circular guides the amendment and supplementation of Circular No. 24/1999/BTC-TT on financial management in rewarding outstanding achievements. The main content is to adjust the reward amount for collectives awarded a Certificate of Merit by the Prime Minister and excellent labor collectives, units.

Scope of application

Organizations and individuals related to financial management in rewarding outstanding achievements

Key points

  • Collectives awarded a Certificate of Merit by the Prime Minister: Receive a reward of 400,000 VND (Point 2, Section II).
  • Excellent labor collectives and units receive a monetary award not exceeding one month's minimum wage, with an amount of 100,000 VND (Subsection 2.1, Point 2, Section II)
  • This circular takes effect from August 15, 1998.
  • Other provisions in Circular No. 24/1999/BTC-TT remain unchanged.
  • Adjust the reward amount for collectives awarded a Certificate of Merit by the Prime Minister from 300,000 VND to 400,000 VND.

🌐 Social impact of this document

  • To correct errors in printing the document.
  • Increase the reward amount for collectives awarded a Certificate of Merit by the Prime Minister by an additional 100,000 VND, creating motivation for organizations and individuals.
  • Other provisions remain unchanged and do not affect current financial management activities.

❓ Frequently asked questions

What is the reward amount for collectives awarded a Certificate of Merit by the Prime Minister?

400,000 VND (Point 2, Section II).

What is the reward amount for excellent labor collectives and units?

Not exceeding one month's minimum wage, with an amount of 100,000 VND (Subsection 2.1, Point 2, Section II).

When does this circular take effect?

August 15, 1998.

Full text

MINISTRY OF FINANCE
********

SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
********

Decision No. 70/1999/TT-BTC

Hanoi, June 10, 1999

 

CIRCULAR

GUIDING THE AMENDMENT AND SUPPLEMENT TO CIRCULAR NO. 24/1999/BTC-TT DATED MARCH 4, 1999 ON DIRECTING FINANCIAL MANAGEMENT IN IMPLEMENTING AWARD SYSTEMS FOR OUTSTANDING ACCOMPLISHMENTS IN ECONOMIC AND SOCIAL TASKS AND NATIONAL DEFENSE

Pursuant to Decree No. 56/1998/NĐ-CP dated July 30, 1998 of the Government.
To rectify errors in the printing process of the document, the Ministry of Finance guides the amendment and supplementation to Circular No. 24/1999/BTC-TT dated March 4, 1999 of the Ministry of Finance on directing financial management in implementing award systems for outstanding accomplishments in economic and social tasks and national defense as follows:

1. Supplement Point 2, Section II as follows:

A collective receiving a Certificate of Merit from the Prime Minister: Shall be awarded VND 400,000.

2. Amend Item 2.1, Point 2, Section II as follows:

A labor-excellent team or unit shall receive an award in cash not exceeding one month of the minimum wage, with a maximum amount of VND 100,000.

This Circular takes effect from August 15, 1998. Other provisions in Circular No. 24/1999/BTC-TT dated March 4, 1999 of the Ministry of Finance remain unchanged.

 

Nguyen Thi Kim Ngan

(Signed)

 

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70/1999/TT-BTC
Circular No. 70/1999/TT-BTC guides the amendment and supplementation of Circular No. 24/1999/TT-BTC dated March 4, 1999, issued by the Ministry of Finance, guiding financial management in implementing the system of rewards for outstanding achievements in economic and social tasks and national defense.
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