Average New Year bonuses in HCMC up 30 pct
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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 said, 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.
Questions & Answers
Q.What was the average bonus across all HCMC firms for the 2019 Roman Calendar New Year?
What was the average bonus across all HCMC firms for the 2019 Roman Calendar New Year?
The average bonus given by HCMC firms to an employee for the 2019 Roman Calendar New Year was VND3.4 million ($146).
Q.Which type of enterprise gave the highest bonus for the upcoming Lunar New Year (Tet)?
Which type of enterprise gave the highest bonus for the upcoming Lunar New Year (Tet)?
A bank headquartered in HCMC gave the highest reported bonus for Lunar New Year (Tet), which was VND1.17 billion ($50,343).
Q.How many businesses surveyed reported not giving Tet bonuses to employees?
How many businesses surveyed reported not giving Tet bonuses to employees?
Only four respondent businesses reported facing difficulties and therefore not giving Tet bonuses for employees this year.
Q.How many enterprises and workers were covered in the survey?
How many enterprises and workers were covered in the survey?
The survey covered nearly 2,000 enterprises and a total of 415,000 workers.