Today: 02/06/2023 03:07:17 (GMT+7)

Top Tet bonus slides to $42K this year

In the 22 cities and provinces that have announced Lunar New Year bonuses for their employees so far, the highest is VND1 billion (US$42,350) by a business in Da Nang.

The industrial province of Binh Duong has announced the second highest rate (VND896 million) followed by Ho Chi Minh City (VND756 million).

Top Tet bonus, this year, Lunar New Year bonuses, industrial province, second highest rate, average bonus, one-week Tet break

A worker at a factory in Binh Duong Province in southern Vietnam.

The top amount paid in Da Nang last year was VND1.43 billion and in HCMC it was VND1.3 billion.

In HCMC, Vietnam's biggest city, the average bonus will increase by 45% from last year: from VND8.88 million to almost VND13 million.

The northern Bac Giang Province and north-central Thanh Hoa Province will have the lowest bonuses of VND50,000.

In the second half of this year, hit by the global economic meltdown, companies in industries such as woodwork and textiles have lost orders and therefore Tet bonuses are set to shrink.

The food and non-discretionary sectors have been less affected.

Southern provinces with a large number of workers such as Binh Duong and Dong Nai will also see a decrease in bonuses in most sectors.

The Tet bonus was announced by each locality based on data reported by certain number of businesses in their area and so far, not all businesses have submitted their reports.

Tet bonuses are not compulsory and depend on the situation of each company.

The Ministry of Labor, War Invalids and Social Affairs has called on all localities to report their wage and Tet bonus situation before December 25.

Vietnam will enjoy a one-week Tet break from January 20 to 26.

Bac Giang provincial leader extends Tet greeting to FDI enterprises
(BGO) – On December 19, Vice Chairman of the Bac Giang provincial People’s Committee (PPC) Phan The Tuan led a delegation to visit and extend Tet greeting to three foreign directed investment (FDI) companies in Quang Chau industrial park (Viet Yen district), including Fuyu Precision Technology Company Limited, Nichirin Vietnam Company Limited and Lens Vietnam Company Limited.
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.
Tet fireworks return to Hanoi after Covid cancelations
Fireworks will light up the sky over 31 Hanoi locations during the upcoming Tet Lunar New Year festival, Vietnam’s largest national holiday.
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.

Source: VnExpress

Top Tet bonus, this year, Lunar New Year bonuses, industrial province, second highest rate, average bonus, one-week Tet break
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