The Ministry of Labour, Invalids and Social Affairs on January 9 announced a report on Tet bonuses offered by businesses nationwide, showing a big disparity.

According to the Molisa, the highest Tet bonus of VND1 billion (USD45,450) is offered by a private company in HCM City

The report covers 23,495 businesses in 63 cities and provinces across the country and applies to 3.72 million workers.

According to the report, the highest Tet bonus of VND1 billion (USD45,450) is offered by a private company in HCM City, while the lowest level is only VND50,000 (USD2.2) from several private firms in Ben Tre, Thai Binh, Tay Ninh and Hai Duong provinces.

This year, the average Tet bonus is around VND4.9 million, down 4% compared that of last year.

In 2016, the highest Tet bonus was VND625 million which was from a foreign-invested firm in Hai Duong Province, while the lowest is VND40,000.

Bank employees to enjoy huge Tet bonus

Some banks in Vietnam are also planning to give employees a huge Tet bonuses this year. According to an anonymous source, leaders of Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) have decided to award employees with eight months’ worth of salary as a Tet bonus. The bonus will be divided into several parts.

The highest Tet bonus at Technological and Commercial Joint Stock (Techcombank) may reach VND154 million (USD6,800).

Several banks in Vietnam are planning to give employees huge Tet bonuses this year.  

According to an anonymous source, leaders of Vietcombank have decided to award employees with eight months’ worth of salary as a Tet bonus. The bonus will be divided into several parts.

Branches with outstanding performances will be awarded VND2bn (USD88,500). The branch's director will be given VND200m, VND150 to vice director and VND3m for employees. Vietcombank also awards VND400m for other branches with good results.

With 15,242 employees, it's estimated that Vietcombank may have to spend over VND2.6trn (USD115m) as Tet bonuses. Last year, Vietcombank had the highest average Tet bonus rate with VND90m per employee and may also rank first this year.

Last year, Vietcombank earned over VND8.2trn (USD363m) in pre-tax profits. It's also the first bank has the capability to buy back the bad debts from Vietnam Asset Management Company.

On December 13, Techcombank announced that it will give one month worth of salary to employees as a Tet bonus. In addition, depending on the productivity, the employees will be given from another month to six months’ worth of salary. The highest Tet bonus at Techcombank may reach VND154m (USD6,800).

Nguyen Duc Huong, vice chairman of LienVietPostBank, said they had had a good year with high profits but the Tet bonus would be the same as previous years. Huong said they didn't want a sudden spike in Tet bonuses because of various potential obstacles in the future.

This year, LienVietPostBank employees will be given from one to two months’ worth of salary.

Dtinews