Vietnam athletes offered $1mn for winning Paris Olympic gold medal

The bonuses, which are the biggest rewards ever offered in Vietnam’s sports history, result from a deal signed by the Vietnam Olympic Committee (VOC) and a strategic partner of the International Sports Funding & Support Association (ISF) in South Korea that will sponsor the entire amount.

As per the agreement, some key Vietnamese athletes and teams will go to South Korea for training.

Dang Ha Viet, general director of the General Sports Administration of Vietnam under the Ministry of Culture, Sports, and Tourism, affirmed the ISF support will create a ‘golden’ chance for Vietnam to elevate its rankings in the regional, continental, and global arenas.

The 2024 Summer Olympics are scheduled to take place from July 26 to August 11, 2024 with Paris as its main host city alongside 16 other French cities.

At the 2020 Tokyo Olympics held in Japan in 2021, Vietnam’s sports authorities had announced rewards worth VND1.85 billion ($79,000), VND1.02 billion ($43,500), and VND640 million ($27,300) for gold, silver, and bronze medalists, respectively.

However, the Vietnamese delegation to the Tokyo Olympics left the Games empty-handed.

At the 2016 Rio Olympics in Brazil, shooter Hoang Xuan Vinh, who won a gold and a silver medal, received VND180 million ($7,675) from the government and bonuses totaling nearly VND5 billion ($213,220) from other sources.

Vietnamese athletes have won only five medals at the Olympics so far. 

Before Vinh, fighter Tran Hieu Ngan had won a silver in taekwondo at the 2000 Sydney Olympics, Hoang Anh Tuan brought home a silver in weightlifting in 2008 in Beijing, and Tran Le Quoc Toan got a bronze in weightlifting at the 2012 London Games.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Vietnamese athletes will get US$1 million for each gold medal at the 2024 Paris Olympic Games, $500,000 for silver, and $200,000 for bronze.

The bonuses, which are the biggest rewards ever offered in Vietnam’s sports history, result from a deal signed by the Vietnam Olympic Committee (VOC) and a strategic partner of the International Sports Funding & Support Association (ISF) in South Korea that will sponsor the entire amount.

As per the agreement, some key Vietnamese athletes and teams will go to South Korea for training.

Dang Ha Viet, general director of the General Sports Administration of Vietnam under the Ministry of Culture, Sports, and Tourism, affirmed the ISF support will create a ‘golden’ chance for Vietnam to elevate its rankings in the regional, continental, and global arenas.

The 2024 Summer Olympics are scheduled to take place from July 26 to August 11, 2024 with Paris as its main host city alongside 16 other French cities.

At the 2020 Tokyo Olympics held in Japan in 2021, Vietnam’s sports authorities had announced rewards worth VND1.85 billion ($79,000), VND1.02 billion ($43,500), and VND640 million ($27,300) for gold, silver, and bronze medalists, respectively.

However, the Vietnamese delegation to the Tokyo Olympics left the Games empty-handed.

At the 2016 Rio Olympics in Brazil, shooter Hoang Xuan Vinh, who won a gold and a silver medal, received VND180 million ($7,675) from the government and bonuses totaling nearly VND5 billion ($213,220) from other sources.

Vietnamese athletes have won only five medals at the Olympics so far. 

Before Vinh, fighter Tran Hieu Ngan had won a silver in taekwondo at the 2000 Sydney Olympics, Hoang Anh Tuan brought home a silver in weightlifting in 2008 in Beijing, and Tran Le Quoc Toan got a bronze in weightlifting at the 2012 London Games.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

The post Vietnam athletes offered $1mn for winning Paris Olympic gold medal appeared first on Vietexplorer.com.

View more from VietExplorer:

Quarantine time shortened to 7 days for fully-vaccinated arrivals
Hanoi ready for hi-speed massive COVID-19 vaccination campaign
Vietnam welcomes development of ASEAN-Australia ties
Online contemporary dance debuts to ease people’s tediousness
ASEAN, India enhance cooperation
ASEAN, Russia hold Foreign Ministers’ Meeting
Hong Kong (China) wants to pilot travel bubble in Vietnam
Blood donation drive launched in Quan Su Pagoda
Digital Travels: Vietnamese Tour Guide Opens Virtual Tours For International Tourists
How To Make Crispy Potato Chips?
First FDA-licensed Remdesivir doses arrive in Vietnam
Foreign Minister attends ASEAN-Canada Ministerial Meeting
ASEAN, New Zealand join hands to ensure regional peace, stability
WHO commends Gov’t highest commitment on vaccination
Hanoi extends social distancing until August 23
First “oxygen ATM” launched in HCM City amid Covid-19
Poor in HCM City benefitting from “social welfare pack” programme
Swiss Vice President pays official visit to Vietnam
Designing contest of Temple of Literature calls for participants
Lockdown Baking: Feast Your Eyes on These Amazing Mooncakes