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VietNamNews

Athletes receive prize money

Update: January, 20/2012 - 09:30

HA NOI — The Ministry of Finance has transferred VND30 billion (nearly US$1.5 million) to the National Administration of Sports and Physical Training to award Vietnamese medal winners in the 26th Southeast Asian (SEA) Games and Para Games before Tet.

According to Government regulations, athletes receive VND45 million ($2,150) for each gold medal, VND25 million ($1,195) for every silver and VND20 million ($956) for each bronze. Sportsmen who broke SEA Games records will receive an additional VND15 million ($717).

With a total of 288 medals (96 gold, 92 silver and 100 bronze) at the SEA Games and 160 medals (44 gold, 44 silver and 100 bronze) at the Para Games, the total prize money for athletes amounts to VND35 billion (nearly $1,7 million).

Since the ministry only has the financial resources to pay out VND30 billion, the administration will take care of the rest.

Gymnast Phan Thi Ha Thanh, with three gold and one bronze medals at the SEA Games, will be awarded the highest amount of any Vietnamese competitor: VND155 million ($7,400), along with VND 50 million ($2,400) from her hometown of Hai Phong.

With two golds, one bronze medal and an SEA Games record, teen swimmer Hoang Quy Phuoc will receive VND125 million ($5,980).

Nguyen Thuy Duong, who bagged one gold and one bronze in the Japanese martial art of kempo shorinji at the SEA Games, happily said: "I was awarded VND65 million by HCM City's Sports and Physical Training Department but gave most of the money to my family. My Tet holiday will be happier if I receive prize money from the Ministry of Culture, Sports and Tourism". — VNS

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