Wednesday, March 20 2019

VietNamNews

Tết bonuses in HCM City rise by 30 per cent

Update: January, 11/2019 - 08:00
Workers in HCM City will receive an average Tết bonus of VNĐ10.8 million (US$465) per worker this year. — VNA/VNS Photo.
Viet Nam News

HCM CITY— The Tết (Lunar New Year) bonuses of enterprises in HCM City will rise an average of 30 per cent compared to the same period last year, according to the city’s Department of Labour, Invalid and Social Affairs.

Lê Minh Tấn, director of the department, said that more than 2,000 enterprises that employ about 415,000 people were surveyed about Tết bonuses.

The average Tết bonus will be VNĐ10.8 million (US$465), about one month of salary for some employees. Last year, the average Tết bonus was VNĐ8 million (US$344).

This year the highest Tết bonus of VNĐ1.17 billion (US$50,453) will be offered by a foreign direct-invested (FDI) banking company.

For New Year bonuses, the average bonus will be VNĐ3.4 million ($146), an increase of 28 per cent compared to last year, while the average bonus at FDI enterprises will be VNĐ9.4 million ($405), an increase of nearly 70 per cent.

In addition, many enterprises will offer higher bonuses on senior workers and advance part of the salary before Tết.

For example, PouYuen Việt Nam Co, Ltd will provide a Tết bonus of one to two months of salary. The company will spend VNĐ1 trillion ($43 million) to reward more than 65,800 workers, and will also allow workers to advance a part of their salary to prepare for Tết.

In addition, many enterprises will give Tết gifts, lucky money, gift vouchers or bus fare for employees to visit their hometowns. They will also plan to visit workers in difficult circumstances.

Tấn said that only four of the surveyed enterprises, which are experiencing difficulties, would not be able to offer Tết bonus for their workers.

The department and unions will support workers at these enterprises.

The city department has also directed district units to conduct inspections and require enterprises to publicise information about their Tết bonuses. — VNS

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