The Tet (New Year) bonus of the upcoming lunar Year of the Cat will average nearly 13 million VND, 45% higher than that last year, according to the municipal Department of Labour, Invalids and Social Affairs.
HCM City (VNA) - TheTet (New Year) bonus of the upcoming lunar Year of the Cat will average nearly 13 million VND, 45% higher than that last year, accordingto the municipal Department of Labour, Invalids and Social Affairs.
Based on data from its survey of more than 1,000 businesses operatingin the city, the department said thehighest bonus reported so far is more than 756 million VND (31,900 USD) bya foreign-invested enterprise, and the lowest, more than 4.8 million VND.
The highest bonus reported so far is more than 756 million VND (31,900 USD) by a foreign-invested enterprise. - Illustrative image (Photo: VNA)
According to deputy director of the department Nguyen Van Lam, asmany as 386 enterprises among the respondents said their business faceddifficulties due to fewer orders and more difficulties in collecting debts, which forced them to downsizetheir production.
Apart from the bonus, local enterprises planother forms like providing free train and bus tickets and gifts for their employees to go home for Tet.
HCM City is home to nearly 249,000 enterprises,generating employment to over 2.8 million labourers./.
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.
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 highest bonus for the upcoming Lunar New Year (Tet) holiday has been reported at 1.3 billion VND (nearly 57,000 USD) in a foreign-invested business in Ho Chi Minh City, according to the municipal Department of Labour, Invalids and Social Affairs
Average bonuses for both New Year and Lunar New Year (Tet) festivals 2022 in 60 cities and provinces were down slightly, reported the Ministry of Labour, Invalids and Social Affairs.
After a year full of difficulties caused by the COVID-19 pandemic, many enterprises are still trying to provide their workers with rewards and gifts for the Lunar New Year (Tet) festival, to encourage their spirit and enhance bonds with the enterprises, helping to quickly restore production and maintain jobs and incomes for their employees.
Enterprises have managed to give Tet (Lunar New Year) bonuses equal to at least one-month salary to employees amid a sharp drop in orders for exports and suspension of production, the Ho Chi Minh City Labour Federation said.
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Illustrative image (Photo: VNA) 
The highest bonus reported so far is more than 756 million VND (31,900 USD) by a foreign-invested enterprise. - Illustrative image (Photo: VNA) 
