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HCM City: Average Tet bonus rises 10.9 percent

The average Tet (New Year) bonus of the upcoming lunar Year of the Dog will be about 10.9 percent higher than last year in Ho Chi Minh City, said Director of the city’s Department of Labour, Invalids and Social Affairs Le Minh Tan on December 29.
HCM City: Average Tet bonus rises 10.9 percent ảnh 1Illustrative image (Source: VNA)

HCM City (VNA) – The average Tet (New Year) bonusof the upcoming lunar Year of the Dog will be about 10.9 percent higher than lastyear in Ho Chi Minh City, said Director of the city’s Department of Labour,Invalids and Social Affairs Le Minh Tan on December 29.

As of December 29, about 1,960 companies in the city havereported plans to pay bonus to employees before the week-long Tet holiday whichwill start in mid-February 2018.

Bonus paid by foreign-invested enterprises averaged about2.7 million VND (118.8 USD) per person. The highest level reported so far is1.5 billion VND (66,000 USD), paid by a foreign bank in the city, according toTan.

This year, domestic firms gave out an average bonus of8.3 million VND (365.2 USD) per person with the biggest to date worth 855million VND (37,620 USD).

Apart from the bonus, local enterprises plan other formsof pre-Tet support for their workers like gifts and train/bus tickets home, he added.

Tran Cong Khanh from the Ho Chi Minh City ExportProcessing and Industrial Zones Authority (Hepza) said 302 enterprises havereported on their Tet bonus plans, with the lowest being one-month salary.

In southern Dong Nai province, the average Tet bonus forworkers in FDI firms was estimated at 7.7 million VND (338.8 USD) per personwith the highest rate reaching more than 400 million VND (17,600 USD),according to the province’s Department of Labour, Invalids and Social Affairs.

State-owned enterprises are giving the average bonus ofover 10 million VND (440 USD) per person while that of joint stock companieswith State-owned stake is over 8 million VND (352 USD) per person. -VNA
VNA
#New Year bonus #Lunar Year of the Dog #Ho Chi Minh City #Tet holiday #foreign bank #domestic firms #pre-Tet support #Ho Chi Minh City Export Processing and Industrial Zones Authority #Vietnam #VietnamPlus #Viet Nam News Ho Chi Minh City
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