return icon

Tet bonuses likely to be higher

 VietNamNet Bridge – This year’s year-end bonuses at enterprises nationwide are expected to be higher than last year. The average bonus is expected to be higher than the usual one month’s salary,

VietNamNet Bridge – This year’s year-end bonuses at enterprises nationwide are expected to be higher than last year. The average bonus is expected to be higher than the usual one month’s salary, a representative from the Institute for Workers and Trade Unions under the Viet Nam General Confederation of Labour told Thoi bao Kinh doanh.


Time for a break: Textile workers at Protrade Garment JSC, located in Thuan An Town in the southern province of Binh Duong. — VNA/VNS Photo Hai Au

Deputy Labour Minister Doan Mau Diep said that except for areas affected by natural disasters, this year’s bonus would not be lower than last year, since 2017 was a prosperous year for businesses.

However, there are exceptions. Unable to afford transport fees to go home for Tet (Lunar New Year), Tran Dinh Nhat and his wife Nguyen Thi Lien, workers at a private textile company based in Binh Duong Province, have decided to stay in the province for the holiday.

“We were able to save only a few million dong each month, so we have decided not to go home to save costs,” Lien told Ha Noi Moi (New Ha Noi) newspaper.

To help out, their company has offered to help them with some financial support. In addition, for his outstanding performance in the past year, Nhat received a 32-inch TV from the company.

Several enterprises in Vietnam have offered promising year-end bonuses and benefit packages to retain employees after the Tet holiday.

The Huong Long Ltd Company in Bac Thang Long Industrial Park, offers junior employees (those with one to three years’ experience) bonuses based on their salary coefficients, 1.2 times higher for middle-level employees (with three to five years’ experience) and twice as much for seniors (from five years’ experience), said Nguyen Van Canh, chairman of the company’s labour union.

The company will also provide cars to take employees back home for Tet and pick them up after the holidays, he said.

Labour unions in different provinces and cities are also determined to ensure a good Tet for workers. Kieu Ngoc Vu, vice chairman of the HCM City Labour Federation, said that it would organise new-year gatherings for low-income workers who remained in the city for the holiday.

“We will provide 37,000 train and bus tickets for those who wish to go home, and give VND500,000 (US$22) to each worker who has lost their job in the past year,” he said.

The labour union in the southern province of Dong Nai said it expected to hand out 2,000 subsidised packages (VND500,000 each) and 500 bus tickets. The Binh Duong labour union said it would give free tickets to 3,800 workers, as well as tracking down enterprises having debts or going bankrupt to ensure their employees got paid before the holiday.  

Year-end bonuses and benefits are the make-or-break factors that determine employees’ loyalty, a recently published survey has shown.

The survey, conducted by the human resources Navigos Group, reviewed the 2017 year-end bonuses and benefits for 1,800 employees and 400 human resources specialists.

In one of its questions, the survey proposed a hypothetical scenario of “receiving no bonus this year” and asked for reactions from the employees. About 25 per cent said they would leave their jobs and seek other companies with better benefits, 40 other said they would raise concerns and request bonuses.

About 13.7 per cent said they would be disappointed, but would not react due to the difficulties of finding new jobs. Only 6.9 per cent responded that they did not care about year-end bonuses because their incomes were enough for the holiday.

Employers, when asked if they would offer employees bonuses if their companies had an unprofitable year, 80 per cent said they would.

This shows that employers are aware of how labour shortages after Tet could affect production, a Navigos Group representative told Thoi bao Kinh doanh (Business Times) newspaper.

Source: VNS

related news


How can the economy have a soft landing?

When Vietnam reopened after the Covid-19 pandemic more than a year ago, many people warned that Covid and its impact would be forgotten quickly. But the consequences are becoming increasingly apparent.

Vietnam wins first runner-up title at Mister Universe Tourism

Vietnamese doctor Huynh Vo Hoang Son was honoured as first runner-up at the grand finale of Mister Universe Tourism 2023 taking place in Bali, Indonesia, on March 19.

Japanese artist to hold charity concert for children with cancer

Japanese pianist Keiko Borujeson will play a jazz charity concert at the U Café in the ancient town of Hoi An on March 24 to raise funds for children with cancer under treatment at the Da Nang Oncology Hospital.

One dead, one in critical condition, nine hospitalized after eating pickled carp

Three seriously ill patients are requiring mechanical ventilation while one is in critical condition after eating pickled carp. Prior, one poisoned patient died, said Ho Chi Minh City-based Cho Ray Hospital yesterday.

VN female photographer wins big at international contest

After six years traveling around Vietnam and many countries around the world, Khanh Phan has amassed a huge number of beautiful photos and won many international photography awards.

British tourist injured trying to take photo on Ha Giang cliff

A British tourist fell from a cliff in Hà Giang Province after trying to climb to the edge to take a photo, local authorities confirmed Sunday.

Tan Son Nhat airport’s taxi fares may surge next month

Taxis picking up passengers at Tan Son Nhat International Airport in HCMC may face an entry fee of VND5,000-15,000 per trip beginning in April this year


Legislators scrutinise corrupt asset recovery

Restaurants and hotels in Da Nang 'beautified' to welcome Chinese tourists

Restaurants and hotels along the coast of Da Nang are being repaired and upgraded to welcome back Chinese visitors after a 3-year pause due to the impact of the Covid-19 epidemic.

Hanoi’s $30mil waste treatment plant abandoned as waste crisis continues

Hanoi has plans for 17 waste treatment sites, but only three are operating.

Hanoi among the cities with most trees in the world

One of the highlights of Hanoi's friendliness is the shade provided by its many trees.

Entertainment and cultural events of the week (March 20-26)

Upcoming entertainment and cultural events in Vietnam's major cities on March 20-26.

Vietnam attracting Japanese investments to new areas

Vietnam is striving to lure more Japanese investments to digital transformation and green growth, as recommended in the Vietnam-Japan Joint Initiative (VJI).

Employers seek clarity on easing work permit process

Foreign employers are pleading for a more straightforward process in obtaining work permits, but authorities have pointed out that ensuring a smooth process is a 2-way street.