Average New Year bonuses in HCMC up 30 pct

By Thi Ha   December 28, 2018 | 05:31 pm PT
Average New Year bonuses in HCMC up 30 pct
Average reward for the New Year offered by businesses in HCMC was 30 percent higher than in 2017. Photo by VnExpress
Average New Year bonus given by HCMC firms to an employee is VND3.4 million ($146), 30 percent higher than in 2018.

For the 2019 Roman Calendar New Year, bonuses have been significantly higher than in 2018, Le Minh Tan, director of the HCMC Department of Labor, Invalids and Social Affairs told VnExpress, citing a survey.

The survey covered nearly 2,000 enterprises and 415,000 workers.

On average, bonuses given by foreign invested enterprises for the New Year was VND9.4 million ($403.65), 70 percent higher than the last, the survey found.

For this Roman Calendar New Year, the highest bonus was VND500 million ($21,470), given by a foreign-invested enterprise.

For Lunar New Year (Tet), which falls in February, the highest reported bonus was VND1.17 billion ($50,343), coming from a bank headquartered in HCMC.

The average reward for Tet offered by enterprises surveyed is over VND10 million ($430.78) per person. Only four respondent businesses reported facing difficulties and not giving Tet bonuses for employees.

There are still some enterprises that have not announced Tet bonuses for workers, waiting for business results. These firms plan to announce their bonuses by mid-January.

Last Tet, the highest Tet bonus in HCMC was VND855 million ($36,718), given by an unidentified private enterprise.

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