First company to give out share option bonuses

The Hop Nhat Viet Nam company (HNC) on October 9 announced it would pay salaries for employees in stock instead of cash, becoming the first company in the country to adopt the policy.

Employees will be permitted to use 20 percent of their salaries to buy company shares with a set faced value over five consecutive years.

Each employee will be permitted to buy a maximum of 25 million VND (roughly 1,600 USD) worth of shares during the period while maximum value of shares bought by senior officials will be capped at 50 million VND.

HNC is currently Viet Nam’s leading private express mail company boasting a network that spreads throughout the country.

VNA

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