Average Tet bonus increase about 10%

The average salary bonus for Tet is estimated to increase by about 10% compared to the previous Lunar New Year.
Average Tet bonus increase about 10% ảnh 1Illustrative image (Photo: VNA)
Hanoi (VNS/VNA) - The average salary bonus for Tet is estimated to increase by about10% compared to the previous Lunar New Year.

Tong Van Lai, Deputy Director of the Labour Relations and WageDepartment under the Ministry of Labour, Invalids and Social Affairs, said thatall provinces and cities had sent their reports on salary situations this yearand plans for Tet bonus fortheir workers.

Lai said that depending on the production and business results ofeach business, the bonus levels are kept the same as every year, equivalent toone month's salary.

The average bonus is calculated to increase by about 10%, headded.

State-owned enterprises are expected to give an average bonus of 6.5million VND (274 USD) per labourer (15% higher than the previous Tet); private enterprises will give anaverage bonus of 6.6 million VND (278 USD) per labourer (10% higher than theprevious Tet); and foreign-investedenterprises will give an average bonus of 7.2 million VND (303 USD) perlabourer (9% higher than the previous Tet),he said.

Lai also said most businesses are paying attention to preparing Tet bonuses for their employees. 

“There is a big difference between the highest and the lowest Tet bonus,” he said.

Among the enterprises that announced Tet bonusplans, some will pay up to a billion VND perlabourer, however, other enterprises announced bonus of only 50,000- 500,000 VND(2-20 USD), he said.

Da Nang city is the locality with the highest Tet bonus of more than 1 billion VND (42,200USD).

The number is 896 million VND (37,800 USD) in Binh Duong province,760 million VND (32,000 USD) in HCM City, 535 million VND (22,590 USD) in Ba Ria-VungTau province, 400 million VND (16,890 USD) in Hanoi, 379 million VND (15,990 USD)in Bac Ninh province, 307 million VND (12,960 USD) in Dong Nai province.

Lai said that the high Tet bonusis mainly in foreign-invested enterprises.

“The highest Tet bonusamount is only given to a few excellent individuals in an enterprise, aiming torecognise their contributions,” he said, adding that whenevaluating Tet bonus, it is important to pay attention to theaverage bonus level to see the overall situation, he said.

Paying attention to salary, Tet bonus

Tran Thi Thanh Ha, Director of the Labour Relations Departmentunder the Vietnam General Confederation of Labour, said although thelabour law does not stipulate that Tet bonusis mandatory, most enterprises have a plan for Tet bonusdepending on their situation of production and business.

Ha said the Tet bonuswill often be based on negotiations between employees and employers orgrassroots trade unions with employers.

Therefore, the confederation has ordered trade unions at alllevels, especially grassroots trade unions, to always focus on negotiatingsalary and bonus for employees, she said.

In the first months of this year, many businesses in the countryrecruited many workers thanks to high orders. But in the second half of thisyear, the labour market changed. Then, many businesses have met difficulties,she said.

However, many businesses still try to maintain jobs and prepare Tet bonus for their employees, shesaid.

Even though the levels might be different among businesses, it isremarkable efforts while the businesses are still facing many difficulties, shesaid./.
VNA

See more

Prime Minister Pham Minh Chinh and Thai Prime Minister Paetongtarn Shinawatra witnessed the exchange of the MoU between the Ministry of Industry and Trade and Thailand's Central Group. (Photo: VNA)

MoIT, Thailand’s Central Group forge partnership to boost Vietnamese exports

The MoU, signed as part of Thai Prime Minister Paetongtarn Shinawatra’s official visit to Vietnam from May 15-16, was the result of extensive discussions between the two sides, aimed at enhancing the presence and competitiveness of Vietnamese products, particularly consumer goods, and agricultural and aquatic products.

Chu Lai Port welcomes the Chana Bhum, a Singapore-flagged vessel operated by RCL, marking the opening of the Chu Lai–India shipping route. (Photo: VNA)

Vietnamese firm, Thailand-based shipping line cooperate to launch Chu Lai - India direct call service

The direct call service helps cut transportation time, reduce costs, increase competitiveness by bypassing major transshipment ports in northern and southern Vietnam. At the same time, it opens up new trade opportunities, promotes logistics activities, develops supply chains, strengthens regional connectivity, and enhances the position of Chu Lai Port on the international maritime map.

Deputy Minister of Finance Cao Anh Tuan grants an interview to the Vietnam News Agency (VNA). (Photo: VNA)

Vietnam, US foster bilateral economic, financial cooperation

Strengthening the Vietnam - US economic and financial cooperation will open new avenues for collaboration and serve as a symbol of trust and a substantive Comprehensive Strategic Partnership for mutual prosperity, a Vietnamese official has said.

Ba Ria-Vung Tau seaport (Photo: VNA)

Resolution 68: A game-changer for Vietnam’s private sector

Beyond regulatory reform, Resolution 68 provides support policies for access to land, capital, and high-quality human resources, while also promoting digital transformation, innovation, sustainable development, and global value chain integration.

A booth at VietOffice 2024. The first VietOffice held in May last year was a success, generating positive results. (Photo: VNA)

VietOffice 2025 expected to attract 100 exhibitors

The event will see the participation of about 100 exhibitors from eight countries and territories, namerly India, Taiwan (China), China, the Republic of Korea, Japan, Hong Kong (China), the US, and Vietnam.

Illustrative image (Photo: VNA)

Exporters diversify orders to reduce reliance on single market

Facing the risks posed by trade barriers and potential reciprocal tariffs from the US, many businesses have proactively shifted their market strategies, stepped up trade promotion, and diversified their orders to reduce reliance on a single market.

A customer buys petrol at a station in Hanoi. (Photo: VNA)

Government proposes 2-pp VAT reduction on select goods and services until 2026

A 2-percentage-point reduction in the value-added tax (VAT) for goods and services will lead to a decrease in state revenue by approximately 121.74 trillion VND (over 4.69 billion USD) over the proposed period. This includes an estimated 39.54 trillion VND in the second half of 2025 and 82.2 trillion VND in 2026.

Illustrative photo (Photo: VNA)

Petrol prices up in latest adjustment

E5 RON92 petrol is now capped at 19,180 VND (0.74 USD) per litre, up 403 VND from the previous adjustment, while RON95-III petrol costs 19,594 VND per litre, up 415 VND.

Delegates at the groundbreaking ceremony. (Photo: VNA)

Ba Ria-Vung Tau: New phase of luxury resort project kicks off

The nearly 1 billion USD subdivision includes a system of 5-star hotels, resort villas, entertainment facilities, a casino, and an international convention and exhibition centre, with more than 6,000 rooms, serving over 18,000 guests at the same time.