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    Home»Breaking News»HCMC’s Highest Tet Bonus at $85,600
    Breaking News

    HCMC’s Highest Tet Bonus at $85,600

    Miley SelenaBy Miley SelenaJanuary 1, 2024No Comments2 Mins Read
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    Nguyen Bao Cuong, head of the labor-wage-social insurance division of the HCMC Department of Labor, Invalids and Social Affairs, said at a conference Friday that the figures came from 1,300 companies, with more than 288,000 workers, in the city.

    The highest quantity of Tet the bonus this year belongs to a person working in an FDI company. This is an amount of 750 million VND, or 56%, higher than the highest amount. Tet bonus last year.

    The average Tet The bonus this year in HCMC amounts to 12.3 million VND, a slight decrease from last year’s 12.88 million VND.

    The highest Tet the bonus in Hanoi was 205 million VND, also belonging to an FDI company.

    Companies in the technology, food processing, software development and commerce sectors benefit from high bonuses, while small-scale manufacturing and manual labor companies will often benefit from lower bonuses.

    448 companies, or 35% of the companies surveyed, say they encounter difficulties when it comes to giving their employees their Tet bonuses.

    The causes have been attributed to the reduction in the number of orders, forcing companies to reduce operations, as well as difficulties in paying interest on loans and recovering debts.

    However, companies still try to give their workers Tet bonuses according to employment agreements and contracts.

    In addition Tet When it comes to bonuses, more than 46% of companies surveyed said they have other practical forms of support for their workers, including gifts, coupons or lucky money.

    Some companies are considering hosting parties and visiting workers in certain circumstances, as well as organizing Tet celebrations for workers who were unable to return to their hometowns this holiday.

    HCMC currently has more than 161,000 businesses employing more than 2.8 million workers.

    Tet The bonus is not required by law, but most companies pay it before Vietnam’s biggest holiday to boost morale, and the amount often depends on their business results for the year.

    The highest in Vietnam Tet The bonus this year so far amounts to 5.7 billion VND, belonging to a general manager of a Japanese-invested company in Long An province, Mekong Delta, whose monthly salary is 235 million VND. The higher figure is 5.6 times higher than last year and higher than the highest bonus paid in recent years.

    The lowest amount is VND20,000, to be paid to an employee in the Delta province of Ca Mau.

    The country’s average payout is VND6.85 million, about the same as last year.





    Source: AI Generative

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