On July 18, the Vietnam Boxing Federation announced the reward for the players attending the Paris Olympic Games 2024. The bonus for athletes won the gold medal and bronze medal at 350 million and 200 million respectively.
At the Paris Olympic Games 2024, Boxing Vietnam has 2 boxers. It is Vo Thi Kim Anh (weight of 54kg women) and Ha Thi Linh (60kg women's weight). Both have set out to France to practice from the beginning of July to prepare for the upcoming Olympics. They will have to encounter the world's top faces at the present time.
The bonus of the Vietnam Boxing Federation announced for Boxing athletes is similar to the shooting subject. Earlier, the Vietnam Shooting Federation to hang awards for athletes to win gold, silver and copper medals at the Paris Olympic Games, respectively 500, 300 and 200 million. Shooting also has 2 athletes winning tickets to the Olympics.
In addition to the reward from the Federation, the Vietnamese athletes who won a medal at the Olympic Games can also receive rewards from the National Olympic Committee (VOC). Earlier, in 2023, when VOC signed a minutes of cooperation with the International Sports Strategy Fund (ISF), a partner of this unit hung $ 1 million for the Olympic gold medal.
In addition to the gold medal, the athlete won the gold medal and bronze medal at the Olympic Games that received 500,000 and 200,000 USD respectively. This is a huge amount of money, even when compared to countries in Southeast Asia. Singapore is currently the highest reward water for the Olympic gold medal, when the athlete won the gold medal to receive $ 1 million.
In Boxing, besides the reward from the Vietnam Boxing Federation and the National Olympic Committee, athletes can also receive bonuses from the International Boxing Association (IBA). According to IBA Chairman Umar Kremlev, they will award bonuses to athletes achieving achievements at the Paris Olympic Games even though IBA does not participate in the organization.
The hanging bonus is $ 100,000 for a gold medal. The championship receives $ 50,000, the coach is in charge of receiving $ 25,000, and the remaining 25,000 USD belongs to the National Boxing Federation. This is an unprecedented reward in the history of amateur boxing.
In case the athletes win the gold medal, they will receive $ 25,000, and the remaining 25,000 USD are divided equally to the National Boxing Coach and Union. The same reward level is applied to the athletes with a bronze medal, with a total bonus of 25,000 USD. Even when the athletes reached the quarterfinals, they were entitled to $ 10,000.
At the state level, the reward for the athlete to win a medal at the Olympic Games is 350 million VND for the gold medal, 220 million for the gold medal, and 140 million VND for the bronze medal. If a player breaks the Olympic record, he will receive an additional 140 million. However, Boxing is a subject without a record item.