Decision No. 88/2001/QĐ-TTg stipulates the salary system and allowances for officers and employees of the Vietnam Deposit Insurance Corporation based on Decree No. 26/CP. This decision shall take effect from July 1, 2001.
Scope of application
Officers and employees of the Vietnam Deposit Insurance Corporation
Key points
- The General Director, Deputy General Director, and Chief Accountant shall be paid according to the salary scale for managerial positions in special-class enterprises.
- The Directors and Deputy Directors of branches shall be paid according to the salary scale for managerial positions in enterprises based on the actual class achieved by each branch. For the first three years, the Ministry of Labor, War Invalids and Social Affairs shall temporarily apply the classification for branches.
- Professional and technical staff shall be paid according to the salary scale for professional and technical staff serving in enterprises.
- The Vietnam Deposit Insurance Corporation shall apply a minimum additional salary coefficient under the condition of ensuring capital safety and a lower salary increase rate than the labor productivity growth rate. For the first three years, the Ministry of Labor, War Invalids and Social Affairs shall coordinate with the Ministry of Finance and the State Bank of Vietnam to determine the adjustment coefficient.
- The Ministry of Labor, War Invalids and Social Affairs shall be responsible for guiding the implementation of this Decision.
🌐 Social impact of this document
- Positive impact: Ensuring reasonable salaries and income for officers and employees of the Vietnam Deposit Insurance Corporation.
- Negative impact: It may increase operating costs for the Vietnam Deposit Insurance Corporation due to the application of the minimum additional salary coefficient.
❓ Frequently asked questions
Which officers and employees are subject to this salary regime?
The salary system and allowances are applied to officers and employees of the Vietnam Deposit Insurance Corporation.
How are the General Director, Deputy General Director, and Chief Accountant paid?
The General Director, Deputy General Director, and Chief Accountant shall be paid according to the salary scale for managerial positions in special-class enterprises.
How are the Directors and Deputy Directors of branches paid during the first three years?
During the first three years, the Directors and Deputy Directors of branches shall be paid according to the salary scale for managerial positions in enterprises based on the actual class achieved by each branch. The Ministry of Labor, War Invalids and Social Affairs shall temporarily apply the classification.
How does the Vietnam Deposit Insurance Corporation apply the minimum additional salary coefficient?
The Vietnam Deposit Insurance Corporation shall apply the minimum additional salary coefficient under the condition of ensuring capital safety and a lower salary increase rate than the labor productivity growth rate. For the first three years, the Ministry of Labor, War Invalids and Social Affairs shall coordinate with the Ministry of Finance and the State Bank of Vietnam to determine the adjustment coefficient.
When does this Decision come into effect?
This Decision shall take effect from July 1, 2001.
Full text
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./.
DEPUTY PRIME MINISTER
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