Average Tet bonuses in Saigon to rise 45% from 2021

HCMC companies are set to pay average Tet bonuses this year of VND13 million (US$550.73), 45% higher than last year, the labor department said.

After a survey of over 1,000 businesses and 220,000 workers the Department of Labor, Invalids and Social Affairs said Thursday that last year the bonus had been VND8.88 million.

Workers working in a hi-tech factory in HCMC.

The highest amount to be paid this year is VND756 million by a foreign company, and the lowest is VND4.86 million, it said.

Bonuses for New Year are 7.4% lower than last year at around VND3.14 million.

Nguyen Van Lam, deputy director of the department, said of the surveyed businesses, 386 said they were in trouble due to shrinking order books, but still tried to pay Tet bonuses.

The city currently has around 249,000 businesses with over 2.8 million employees.

Vietnam will take a seven-day Tet break from January 20-26.

Hanoi to launch 91 spring flower markets ahead of Tet

Hanoi plans to launch 91 spring flower markets across the city, to meet the demands for shopping and entertainment of citizens and visitors, ahead of the Tet (Lunar New Year) Festival 2023.

 

Hiep Hoa district launches Van Banh Chung festival and Tet for the poor

(BGO) – On December 18, the People’s Committee in Hiep Hoa district (Bac Giang province), the district Fatherland Front’s Committee and organization co-hosted  Van Banh Chung festival, Reunited Tet holiday and event to introduce outstanding rural products as well as lanched movement “Tet for the poor” in 2023.

 

Factories handing out hefty Tet bonuses despite drop in orders

Despite a decline in orders, several factories with tens of thousands of workers will hand out generous Tet bonuses this year to share the burdens of workers.

 

Food, beverage prices soar ahead of Tet

Many consumer goods, including vegetables and seafood, have seen prices surge by double digits in the last month.

 

Vietnam to enjoy 7-day Tet break

Vietnamese people will take a break of seven days for the upcoming Lunar New Year holiday, the Government Office announced Thursday.

 

Source: VnExpress