Bonuses for the upcoming Tet (Lunar New Year) at most companies nationwide are worth one month’s salary on average, which is around 6.3 million VND (271.68 USD), or 11.4 percent higher than 2018.
The average bonus for the upcoming Tet (Lunar New Year) in Ho Chi Minh City has been reported at more than 10.3 million VND (444.47 USD), a 25 percent rise compared to last year, according to the municipal Department of Labour, Invalids, and Social Affairs.
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.
This year’s year-end bonuses at enterprises nationwide are expected to be higher than last year.
The highest Lunar New Year (Tet) bonus for a company employee is VND1 billion (US$44,289), according to the Ministry of Labor, Invalids and Social Affairs.
A survey conducted by the Hanoi Department of Labour, War Invalids and Social Affairs shows that more than 160 units and businesses in the capital will maintain Lunar New Year (Tet) bonuses for their employees despite economic difficulties.
Two chief executive officers of the multi-business C.T Group in Ho Chi Minh City have each received a house worth VND8 billion (US$380,000) and VND200 million (US$9,514) in cash as a Tet (Lunar New Year) bonus.