HCM City’s private firm pays highest Tet bonus of VND855 million

Friday, 19:19, 02/02/2018

The highest bonus for the upcoming Lunar New Year (Tet) holiday has been reported at VND855 million (US$37,900) 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.

The highest bonus for the upcoming Lunar New Year (Tet) holiday has been reported at VND855 million (US$37,900) in a private business in Ho Chi Minh City.
(Photo: vneconomy)

This year, average year-end bonus increased 13% to VND5.5 million (US$243.6) per worker, equivalent to one-month salary.

Specifically, Tet bonus paid by state-owned one member limited liability companies is VND5 million (US$221.5), up 8.7% from 2017.

Meanwhile, the rate for non-state-owned companies and foreign-invested companies are VND5 million and nearly VND5.7 million (US$252.5), a year-on-year surge of 20.6% and 16%, respectively.

The lowest Tet bonus is VND20,000, which was recorded in a private business in Vinh Phuc province. The bonus is only equal to 40% 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 VND1.5 billion (US$66,450).

VNA

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