Tet bonuses likely to be higher

Textile workers at Protrade Garment JSC, located in Thuan An Town in the southern province of Binh Duong (Photo: VNA) Hanoi (VNA) – This year’s year-end bonusesat 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, arepresentative from the Institute for Workers and Trade Unions under theVietnam General Confederation of Labour told Thoi bao Kinh doanh.Deputy Labour Minister Doan Mau Diep said that except forareas affected by natural disasters, this year’s bonus would not be lower thanlast year, since 2017 was a prosperous year for businesses.However, there are exceptions. Unable to affordtransport fees to go home for Tet (Lunar New Year), Tran Dinh Nhat and his wifeNguyen 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 eachmonth, so we have decided not to go home to save costs,” Lien told Ha Noi Moi(New Hanoi) newspaper.To help out, their company has offered to help them with somefinancial support. In addition, for his outstanding performance in the pastyear, Nhat received a 32-inch TV from the company.Several enterprises in Vietnam have offered promisingyear-end bonuses and benefit packages to retain employees after the Tetholiday.The Huong Long Ltd Company in Bac Thang Long Industrial Park,offers junior employees (those with one to three years’ experience) bonusesbased on their salary coefficients, 1.2 times higher for middle-level employees(with three to five years’ experience) and twice as… [Read full story]

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