Billionaires Pham Nhat Vuong and Tran Dinh Long both receive zero salary.

The audited consolidated financial report of Vingroup Corporation (stock code VIC) has just been released, showing details of the remuneration of the Board of Directors, General Director and other management members in 2024. In particular, the Chairman of the Board of Directors, billionaire Pham Nhat Vuong continues to receive no remuneration, similar to 2023. Ms. Nguyen Dieu Linh - Vice President of Vingroup also did not receive remuneration in both 2024 and 2023.

Many business leaders and billionaires such as Mr. Pham Nhat Vuong, Tran Dinh Long... will not receive remuneration in 2024.

PHOTO: NGOC THANG

In 2024, the total remuneration of Vingroup Board of Directors members will be more than VND 12 billion, an increase of 4.45% compared to 2023. Of which, Vice Chairman Nguyen Viet Quang will receive the highest remuneration of VND 2.78 billion. Mr. Quang, who is also Vingroup's General Director, will receive an additional remuneration of more than VND 11 billion. Vice Chairmen Pham Thuy Hang and Pham Thu Huong will each receive VND 2.76 billion in 2024. Independent members such as Mr. Adil Ahmad, Mr. Chin Michael Jaewuk and Mr. Ronaldo Dy-Liacco Ibasco will all receive VND 1.2 billion, an increase of 15.15% compared to 2023. Other members of the Board of Directors will receive a total remuneration of VND 41.8 billion.

The number of senior leaders of enterprises receiving zero salary is increasing. For example, billionaire Tran Dinh Long - Chairman of the Board of Directors of Hoa Phat Group Joint Stock Company (stock code HPG) - also did not receive salary even in 2024.

Similarly, FPT Corporation Chairman Truong Gia Binh and two other members, Mr. Do Cao Bao and Mr. Bui Quang Ngoc, have not received remuneration for many years. Mr. Nguyen Duc Tai - Chairman of Mobile World Investment, has also not received remuneration from the company. A businesswoman, Ms. Nguyen Thanh Phuong - Chairman of the Board of Directors of Vietcap Securities Company (stock code VCI) has also received zero remuneration for nearly 10 consecutive years.

Notably, all 7 members of the Board of Directors of Masan Group (stock code MSN), headed by billionaire Nguyen Dang Quang, have not received any remuneration in 2023 - 2024. In particular, Masan's General Director - Danny Le received a salary and bonus of nearly 22 billion VND last year, an increase of 50% compared to 2023...

Source: https://thanhnien.vn/ti-phu-pham-nhat-vuong-tran-dinh-long-deu-nhan-luong-0-dong-185250401141506188.htm