HCM City’s private firm pays highest Tet bonus of 855 million VND
The highest bonus for the upcoming Lunar New Year (Tet) holiday has been reported at 855 million VND (37,900 USD) in a private business in Ho Chi Minh City, according to the Department of Industrial Relations and Wage under the Ministry of Labour-Invalids and Social Affairs.
The highest bonus for the upcoming Lunar New Year (Tet) holiday has been reported at 855 million VND (37,900 USD) in a private business in Ho Chi Minh City.(Photo: vneconomy)
HCM City (VNA) – The highest bonus for the upcoming Lunar New Year (Tet) holiday has been reported at 855 million VND (37,900 USD) in a private business in Ho Chi Minh City, according to the Department of Industrial Relations and Wage under the Ministry of Labour-Invalids and Social Affairs.
The Department recently announced the information on Tet bonus payment of 25,174 businesses that employ nearly 3.6 million labourers across the country.
This year, average year-end bonus increased 13 percent to 5.5 million VND (243.6 USD) per worker, equivalent to one-month salary.
Specifically, Tet bonus paid by state-owned one member limited liability companies is 5 million VND (221.5 USD), up 8.7 percent from 2017.
Meanwhile, the rate for non-state-owned companies and foreign-invested companies are 5 million VND and nearly 5.7 million VND (252.5 USD), a year-on-year surge of 20.6 percent and 16 percent, respectively.
The lowest Tet bonus is 20,000 VND, which was recorded in a private business in Vinh Phuc province. The bonus is only equal to 40 percent of last year’s amount.
The department also reported the highest bonus for the solar New Year in a foreign-invested enterprise in Ho Chi Minh City, which stood at 1.5 billion VND (66,450 USD).-VNA
You should also see
Localities get ready for fourth FDI boom
As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment (FDI) to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.
See more
Business
Japan's Takashimaya plans to expand investment in Vietnam
Takashimaya, a Japanese operator of upscale department stores, plans to open a shopping centre in Hanoi in 2026 that will be the company's first new location abroad in eight years, Japanese newspaper Nikkei reported.
Business
Noi Bai, Da Nang named in world’s top 100 airports
Hanoi capital’s Noi Bai International Airport and the Da Nang International Airport in the central city of the same name have been listed among the world’s top 100 airports in 2024 by the UK–based aviation consultancy Skytrax.
Business
Vietnam earns 1.43 billion USD from rice exports in Q1
ietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.
Business
HCM City moves towards Net Zero
Ho Chi Minh City is building a project to restructure its industry towards sustainable development in the 2025-2030 period, with a vision to 2050, prioritising the use of high technology and reducing emissions towards net zero emissions by 2050.
Business
Old loans must endure higher interest rates temporarily: central bank
The average lending interest rate for new loans by commercial banks is reported at around 6.4% per year, a decrease of 0.7 percentage point per year compared to the end of last year. However, borrowers with loans issued before the latest rate adjustment still must pay higher rates, according to the State Bank of Vietnam (SBV).
