Ms. Mai Kieu Lien - General Director of Vietnam Dairy Products Joint Stock Company (Vinamilk - stock code: VNM) - will receive an average salary of VND 457 million/month in 2024, an increase of 13% over the previous year.
This salary is also 63% higher than the average monthly salary for the CEO position of Vinamilk (VND 280 million). The information is stated in the consolidated financial report of the fourth quarter of 2024 of this enterprise .
Ms. Mai Kieu Lien (Photo: VNM).
In addition, Ms. Lien is also a member of Vinamilk's Board of Directors and received a salary of 1.94 billion VND last year, equivalent to the previous year.
Thus, in total, Ms. Lien's income from salary and remuneration was more than 7.4 billion VND last year.
Ms. Mai Kieu Lien, born in 1953, is 72 years old this year. She has been the General Director of Vinamilk for the past 33 years. During the period 2003-2015, she also held the position of Chairwoman of the Board of Directors (BOD) of this enterprise. The "female general" is considered the soul of Vinamilk.
Along with Ms. Lien, many other leaders also received other billion-dollar salaries last year, equivalent to the previous year. Mr. Nguyen Hanh Phuc - Chairman of the Board of Directors - received a salary of 3.36 billion VND, equivalent to 280 million VND/month.
Remuneration and salaries of key management leaders (Source: VNM).
The three members of the Board of Directors, Mr. Michael Chye Hin Fah, Mr. Alain Xavier Cany and Mr. Hoang Ngoc Thach, each received a salary of more than 2.5 billion VND, equivalent to more than 208 million VND/month.
The other three members of the Board of Directors, Mr. Lee Meng Tat, Ms. Dang Thi Thu Ha and Mr. Do Le Hung, each received a salary of nearly VND2.3 billion, equivalent to about VND189 million/month. In addition, Ms. Tieu Yen Trinh - Member of the Board of Directors - received a salary of nearly VND1.8 billion/year (nearly VND150 million/month).
Vinamilk's CEO's salary increased sharply in the context of the company's profit growth last year. In 2024, after-tax profit reached VND9,453 billion, an increase of nearly 5% over the previous year. Revenue mainly came from the domestic market, accounting for 82%, the rest from the foreign market.
As of December 31, 2024, the company had nearly VND2,226 billion in cash and cash equivalents and VND23,260 billion in term deposits. This year, the company earned more than VND1,390 billion in interest on deposits, or nearly VND4 billion per day.
Vinamilk's financial debt is insignificant compared to its equity. As of December 31, 2024, the company had VND9,273 billion in financial debt, mainly short-term debt.
Source: https://dantri.com.vn/kinh-doanh/them-mot-sep-nu-72-tuoi-nhan-luong-nua-ty-dong-moi-thang-20250213143722147.htm
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