In compliance with governmental regulations, students who achieve a gold medal in an Olympiad are entitled to receive a reward of VND55 million (equivalent to US$2,260). Similarly, silver medalists and bronze medalists will receive VND35 million and VND25 million respectively.
However, their hometowns' local authorities generously reward them with substantial cash prizes.
In Quang Ninh Province, students who achieve a gold medal are awarded an impressive sum of VND700 million, while silver and bronze winners receive VND500 million and VND400 million respectively.
In the northern region, Quang Ninh province is closely followed by Bac Ninh and Vinh Phuc provinces, as well as Hai Phong City.
On July 28, 2023, the diligent efforts and outstanding achievements of four students shone bright as they secured Olympiad medals in three esteemed subjects: Mathematics, Physics, and Chemistry. Recognizing their remarkable feats, the authorities of Bac Ninh Province extended their commendations by bestowing upon them cash rewards. This momentous occasion was captured and immortalized in a captivating photo featured in the Bac Ninh Province newspaper.
The Mekong Delta province of Kien Giang offers a generous reward of VND100 million to national competition winners. Following closely, Bac Ninh, Hai Phong, Quang Ninh, and HCMC provide a commendable sum of VND50 million each as a rewarding gesture.
Hanoi currently lacks a specific policy to recognize and reward students who attain national awards. However, the city does provide a monetary prize of VND20 million to those who achieve gold medals in Olympiads.
The majority of Vietnamese students who achieve Olympiad medals have typically pursued their studies in either Hanoi or Ho Chi Minh City.