Average bonuses for both New Year and Lunar New Year (Tet) festivals 2022 in 60 cities and provinces were down slightly, reported the Ministry of Labour, Invalids and Social Affairs.
Hanoi (VNA) – Average bonuses for both New Year and Lunar New Year(Tet) festivals 2022 in 60 cities and provinces were down slightly, reportedthe Ministry of Labour, Invalids and Social Affairs.
About 62.7 percent firms out of a total 42,159 reported anaverage bonus of 6.17 million VND (268 USD) each person for the Lunar New Year, or97 percent of that recorded in 2021 and 92.2 percent of the 2020 figure.
All enterprises recorded a 2-10 percent reduction in Tet bonus comparedto 2021 and 2020. Foreign-invested firms offered the highest bonus of 6.66million VND on average to each employee, equivalent to 95 percent from 2021 and97.5 percent from 2020.
The private sector gave 5.92 million VND, or 98percent from 2021 and 92.4 percent from 2020.
A 5.59 million VND bonus per person was recorded in one-memberlimited liability companies wholly held by the State, or 96 percent from 2021and 90.7 percent from 2020.
Meanwhile, bonuses for New Year festival were only equivalent to58 percent from ♍last year./.
The average bonus for the upcoming Tet (Lunar New Year) in Ho Chi Minh City has been reported at more than 10.3 million VND (444.47 USD), a 25 percent rise compared to last year, according to the municipal Department of Labour, Invalids, and Social Affairs.
Bonuses for the upcoming Tet (Lunar New Year) at most companies nationwide are worth one month’s salary on average, which is around 6.3 million VND (271.68 USD), or 11.4 percent higher than 2018.
The highest bonus for the upcoming Lunar New Year (Tet) holiday has been reported at 1.3 billion VND (nearly 57,000 USD) in a foreign-invested business in Ho Chi Minh City, according to the municipal Department of Labour, Invalids and Social Affairs
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