Decision No. 88/2001/QĐ-TTg On the salary system and allowances for officers and employees of the Vietnam Deposit Insurance Corporation.

Pursuant to …;

On salary and allowances for officials and employees

Deposit Insurance Corporation of Vietnam

______________________

PRIME MINISTER

Pursuant to the Government Organization Law dated September 30, 1992;

Pursuant to Decree No. 26/CP dated May 23, 1993 of the Government providing temporarily the new salary system in state-owned enterprises;

Pursuant to Decree No. 28/CP dated March 28, 1997 of the Government on reforming salary management and income in state-owned enterprises;

Pursuant to Decree No. 89/1999/NĐ-CP dated September 1, 1999 of the Government on the Deposit Insurance Corporation of Vietnam;

At the proposal of the Minister of Labor, Invalids and Social Affairs,

DECISION:

Article 1. The salary system and allowances prescribed in Decree No. 26/CP dated May 23, 1993 of the Government temporarily regulating the new salary system in state-owned enterprises shall be applied to officials and employees of the Deposit Insurance Corporation of Vietnam as follows:

1. General Directors, Deputy General Directors, and Chief Accountants shall be classified according to the salary scale for managerial positions in special-grade state-owned enterprises.

2. Directors and Deputy Directors of branches shall be classified according to the salary scale for managerial positions in enterprises based on the actual grade achieved by each branch. In the first three years, due to the lack of criteria for establishing grading standards, the Ministry of Labor, Invalids and Social Affairs, after consultation and agreement with the Ministry of Finance and the State Bank of Vietnam, shall temporarily apply grading criteria to the branches.

3. Officials and employees in professional and technical positions shall be classified according to the salary scale for professional and technical staff in state-owned enterprises.

Article 2. Members of the Board of Management who are full-time and part-time shall apply the salary and allowance system prescribed in Decision No. 83/1998/QĐ-TTg dated April 15, 1998 of the Prime Minister.

Article 3.

1. The Deposit Insurance Corporation of Vietnam shall apply the minimum additional salary coefficient prescribed in Decree No. 28/CP dated March 28, 1997 of the Government on reforming salary management and income in state-owned enterprises under the following conditions:

a) Ensuring the safety of capital provided by the State;

b) The average rate of salary increase must be lower than the average rate of labor productivity increase.

Based on the mechanism, method, and effectiveness of operations of the Deposit Insurance Corporation of Vietnam, the Ministry of Labor, Invalids and Social Affairs, after consulting with the Ministry of Finance to review the unit price of salaries for the Deposit Insurance Corporation of Vietnam, shall ensure the aforementioned conditions.

2. In the first three years, due to the lack of sufficient criteria to assign salary unit prices, the Ministry of Labor, Invalids and Social Affairs shall coordinate with the Ministry of Finance and the State Bank of Vietnam to establish a minimum additional salary adjustment coefficient applicable to the Deposit Insurance Corporation of Vietnam to ensure reasonable salaries and income.

Article 4. The Ministry of Labor, Invalids and Social Affairs shall be responsible for guiding the implementation of this Decision.

Article 5. This Decision shall take effect from July 1, 2001.

Article 6. Ministers, Heads of ministerial-level agencies, Heads of government-affiliated agencies, Chairpersons of People's Committees of provinces and centrally governed cities are responsible for implementing this Decision./.