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Average Tet bonus is $288 this year

Companies in Vietnam will pay employees an average Tet bonus of VND6.71 million ($288) this year, a 7.1 percent increase from last year.

The average bonus to be paid by wholly state-owned companies is VND6.12 million ($264), the same as last year, according to a report by the Ministry of Labor, Invalids and Social Affairs following a survey of 25,000 companies and 3.15 million workers in 40 provinces and cities.

Average Tet bonus, this year, state-owned companies, Domestic private enterprises, foreign businesses, Lunar New Year festival

Workers at a garment factory in northern Bac Giang Province.

Domestic private enterprises will pay VND6.27 million ($270), up 0.5 percent, while foreign businesses will pay VND6.91 million ($298), up 11.1 percent.

Around 85.6 percent of companies also reported they paid a bonus to their employees for the Gregorian New Year. The average was VND930,000 ($40), or equivalent to only 73.2 percent of last year’s figure.

In Vietnam, bonuses are agreed between employers and workers, but the government encourages rewards based on performance.

Tet, the Lunar New Year festival, falls on January 25 this year.

Thu Duong craft village busy on Tet season
(BGO) – On the occasion of Tet holiday, the traditional craft village making Chu rice noodle in Thu Duong village, Nam Duong commune, Luc Ngan district ( Bac Giang province) is always hustle and bustle. All the noodle making households double the capacity to timely deliver the products to the market. 
 
Quang Tri ginger candy a distinctive Tet treat
With Lunar New Year Festival just weeks away people in Hai Lang District, central Quang Tri Province are busy making ginger candy, one of the most popular Tet treats, in their traditional way.
 
Mekong Delta craft villages get busy for Tet
The month before Tet (Lunar New Year), which will fall on January 25, are the busiest for residents of Mekong Delta craft villages since demand for traditional specialties spike.
 
Tet gift hampers popular item at year-end
During the year-end period, retailers have been displaying many kinds of Tet (Lunar New Year) gift hampers to serve the shopping and gifting needs of consumers.
 
Deputy PM presents Tet gifts to needy people
Deputy Prime Minister Vu Duc Dam presented gifts to families on social welfare, poor households and victims of Agent Orange (AO)/dioxin in the northern province of Bac Ninh on December 29 ahead of the Tet (Lunar New Year) festival.
 

Source: VnExpress

Average Tet bonus, this year, state-owned companies, Domestic private enterprises, foreign businesses, Lunar New Year festival
 
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