Thursday, September 21 2017

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Tet bonuses seen falling as domestic firms struggle

Update: January, 05/2015 - 10:00
Last year, labourers' Tet bonuses increased by 20 per cent to VND4.4 million (US$206) per person. A FDI enterprise in HCM City gave the highest bonus, VND709 million (US$33,320), up 9.2 per cent from 2013. — Photo nguoiduatin

HA NOI (VNS) — Workers will likely receive a smaller Tet bonus this year, according to an official from the Ha Noi Department of Labour, Invalids and Social Affairs.

The forecast was based on Tet bonus plan reports from a number of businesses in the city, said Pham Van Thanh, head of the department's office of Labour and Salary.

The department encouraged businesses to give Tet bonuses, even if they were low, he added.

While foreign-invested businesses plan to keep Tet bonuses the same, doling out an average VND3.7 million (US$176) per person, domestic enterprises will give smaller bonuses, according to the department's survey of enterprises in Ha Noi.

In HCM City, most enterprises failed to meet the December 31 deadline to submit their salary reports. Nguyen Thi Thanh Dan, vice chairwoman of Binh Tan District's Labour Federation, said businesses still faced many difficulties and had to adjust the minimum salary before Tet, making it hard to decide an appropriate Tet bonus.

The Ministry of Labour, Invalids and Social Affairs instructed localities nationwide to submit Tet bonus reports and make sure enterprises paid their employees, said Deputy Minister Pham Minh Huan.

The ministry is still collecting reports on Tet bonuses from localities and will release its final report this month.

Last year, labourers' Tet bonuses increased by 20 per cent to VND4.4 million (US$206) per person. A FDI enterprise in HCM City gave the highest bonus, VND709 million (US$33,320), up 9.2 per cent from 2013.

In 2012, bonuses grew by 10.8 per cent to VND2.8 million (US$131) per person. — VNS

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