Olympic winners to receive cash prize

A recent decision issued by Prime Minister Nguyễn Xuân Phúc has established a prize pot for Olympics champions. Olympic winners will be awarded VNĐ350 million (US$15,200) from the State budget.

A recent decision issued by Prime Minister Nguyễn Xuân Phúc has established a prize pot for Olympics champions. Olympic winners will be awarded VNĐ350 million (US$15,200) from the State budget.

   

Nguyễn Tiến Minh, who won the bronze medal at the World Badminton Championship

Breaking an Olympic record will net the winner an additional VNĐ140 million ($6,000). Olympic silver and bronze medalists will receive VNĐ220 million ($9,500) and VNĐ140 million ($6,000), respectively.

The Asian Games gold medal will win an athlete VNĐ140 million ($6,000), while the runners-up will get VNĐ85 million ($3,700) and VNĐ55 million ($2,400), for second and third place.

Winners in the Southeast Asian Games will receive VNĐ45 million ($1,950). The silver and bronze medalists will get VNĐ25 million ($1,080) and VNĐ20 million ($870), respectively.

World championship winners in key sports will be awarded VNĐ245 million ($10,600).

Salary of the national teams’ members will be increased from VNĐ150,000 ($6.5) to VNĐ270,000 ($11.7) per day.

This decision will come into effect on December 24, 2018.