THE MINISTRY OF FINANCE

Circular No. 92/2011/TT-BTC  dated June 23, 2011 of the Ministry of Finance guiding the provision of special allowances for business employees under the Prime Minister’s Decision No.471/QD-TTg of March 30, 2011

Pursuant to the Government’s Decree No. 118/2008/ND-CP of November 27, 2008, defining the functions, tasks, powers and organizational structure of the Ministry of Finance;

Pursuant to the Prime Minister’s Decision No. 471/QD-TTg of March 30, 2011, on special allowances for low-paid cadres, pubic employees, civil servants, members of the armed forces and pensioners, beneficiaries of allowances for people with meritorious services to the nation and poor households facing difficult living conditions;

The Ministry of Finance guides the provision of special allowances for business employees as follows:

Article 1. Scope and subjects of application

This Circular applies to state-owned single-member limited liability companies and untransformed state companies. Other businesses (outside the state sector) may apply this Circular to provide special allowances to their employees.

            Beneficiaries of special allowances under this Circular are employees who are named on businesses’ payrolls by March 30, 2011, and have a monthly income of VND 2.2 million or less (exclusive of bonuses paid from

businesses’ after-tax profits, allowances for mid-shift meals, hazardous and

            dangerous jobs or extremely hazardous and dangerous jobs). Article 2. Allowance levels and determination of funds for payment of special allowances to business employees

1. Businesses shall base themselves on their lawful financial funds and capacity to decide on specific levels of special allowances .........

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