January 11, 2019 | 20:52 (GMT+7)
Tet bonus in Ho Chi Minh City rises 25 percent
The average bonus for the upcoming Tet (Lunar New Year) in Ho Chi Minh City has been reported at more than VND 10.3 million (USD 444.47), a 25 percent rise compared to last year, according to the municipal Department of Labor, Invalids, and Social Affairs.
Some 2,000 businesses with more than 415,000 workers in the city have submitted their plans for Tet bonuses, the department’s Director Le Minh Tan said.
The highest bonus reported so far has been VND 1.17 billion (USD 50,500) at a firm operating in the finance-banking-insurance sector.
Many companies offer Tet bonuses equal to at least one month’s salary. Pou Yuen Vietnam Co., Ltd. gives its workers a bonus worth one to two months’ salary; while laborers at Non Son Fashion Co., Ltd., receive a 13th month bonus as well as the Tet bonus.
Along with Tet bonuses, local businesses said that they will provide disadvantaged workers with free coach tickets to travel home for the holiday and Tet gifts.
Source: VNA