HCM City firms announce Tet bonuses for employees

Update: January, 06/2014 - 08:41
Photo phunuonline

HCM CITY (VNS) — In HCM City, the maximum bonus to be paid to any employee for Tet (the Lunar New Year) this month will be VND710 million (US$33,809) by a foreign company, the Department of Labour, Invalids and Social Affairs has said.

But it refused to identify the company.

It has received reports on bonuses to be paid – between January 15 and 29 — from 1,221 firms in the city.

The average bonus this time will be VND4.5 million, with VND2.8 million being the lowest.

The highest bonus by any State-owned company is set to plummet from VND255 million ($12,140) to VND52 million.

In the city's industrial parks and export processing zones, 207 out of a total of 941 firms said they would try to pay bonuses despite their poor financial situation.

Apart from the bonuses, many firms also plan to give gifts or bus and train tickets to workers to return home and celebrate Tet with their family.

Ngo Duc Hoa, deputy general director of Thang Loi Textile Garment Joint Stock Company, told Tuoi Tre (Youth) newspaper that the average bonus this year would increase by 20 per cent to VND12 million ($571) per employee.

His company has 1,200 workers from the northern and central regions, and it plans to hire buses to ferry them home, he said.

Phung Dinh Ngo, director of Binh Hoa Garment Company, said workers would be paid an average bonus of around VND4 million, with outstanding ones getting an additional VND200,000.

Bonus for teachers

The HCM City People's Committee has instructed the Department of Education and Training to make plans for paying Tet bonuses to teachers.

Nguyen Huu Hung, the department's union chairman, said each teacher would be given a gift and minimum bonus of VND200,000 by the union.

Teachers with financial difficulties will get up to VND500,000.

Tran Duc Vinh, rector of An Phu Secondary School in District 2, said that on top of the bonus to be paid by the department, his school would pay teachers VND8 million since it had managed to cut expenses last year, leading to a large surplus.

Many others like Binh Loi Trung Secondary School and Nguyen Trong Tuyen Primary School in Binh Thanh District and Vo Truong Toan Primary School in District 10 also plan to pay extra bonuses to their teachers. — VNS