What are objective factors in determining salaries of employees of wholly state-owned enterprises in Vietnam?

Pursuant to Article 11 of the Circular 26/2016/TT-BLĐTBXH stipulating as follows:

The following objective factors affecting an enterprise's labor output and profit shall be excluded from the calculation of the employees' salary:

- The government adjusts the pricing of products and services under price control, revises corporate income tax incentive, adjusts state capital, amends policies or demands the enterprise to relocate or shrink its business premises, which makes direct impacts on the enterprise's labor output and profit.

- The enterprise undertakes political missions, maintains social welfare, balances economic supply and demand at Prime Minister’s discretion, receives or transfers the right of representation of holders of state capital in enterprises restructured or undergoing debt settlement and restructuring according to Prime Minister's instructions, makes new investments (including the sale, purchase or conversion of debts to equity in restructured enterprises), expands business and production, increases depreciation to accelerate capital recovery with competent authorities’ approval. In addition, the prize payout of the enterprise, if selling lottery, differs from that in the previous year.

- Natural disasters, fire, plague, war and force majeure.

Note: When determining the average salary and planned salary budget, the enterprise shall calculate and quantify objective factors altering the labor output and profit to diminish such factors that cause an increase in labor output and profit or to aggrandize such factors that cause a decrease.

Above are objective factors in determining salaries of employees of wholly state-owned enterprises in Vietnam.

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