News » Vietnam
Companies announce Tet bonus plans, despite financial straits
  • | VNS | December 20, 2012 10:49 AM
Despite financial difficulties, many enterprises are trying to find ways to pay Tet bonuses for their employees and buy bus tickets for them to return home for the holidays.
 Workers produce furniture for export in the Nam Dinh Forest Product Corporation.
Nguyen Tan Dinh, deputy director of the HCM City Export Processing and Industrial Zones Authority (Hepza), said that, as of today, 160 out of a total of about 1,000 enterprises at industrial parks and export processing zones in HCM City had reported their bonus plans for Tet 2013.

The highest and lowest Tet bonuses at domestic enterprises would be VND400 million (US$19,175) and VND2.1 million, respectively.

Foreign-invested companies are paying from VND2.3 million to VND217.4 million ($10,421).

In general, each worker will receive an average Tet bonus equal to one month of basic salary, he said.

The base monthly salary for this year was higher than last year's, so the lowest bonus for 2013 Tet would be higher than the previous year's Tet bonus.

In addition, 56 per cent of the 160 enterprises also plan to offer nearly 15,000 Tet gifts worth VND4 billion for disadvantaged employees and launch other support programmes.

But Dinh said that Tet bonus payments had not been confirmed at many companies.

More than 800 enterprises at IPs and EPZs in HCM City have yet to report their Tet bonus plans to Hepza.

However, 600 companies with trade unions have pledged salary commitments and bonus payments to workers.

"The remaining enterprises are still quiet about their plans," he said, noting that Hepza had asked these companies to report their Tet bonuses to Hepza so the latter can prepare gift plans.

"Last year, all enterprises paid Tet bonuses to their employees, so we hope this year will be the same," Dinh said.

Ho Xuan Lam, Hepza's office manager, said that enterprises were co-operating with Hepza's trade unions to offer 6,000 free bus tickets to workers and labour union staff so they can return home for Tet.

Hepza and the HCM City Department of Transport, for the first time, will help sell bus tickets at the city's IPs and EPZs to save time for workers in buying bus tickets.

Buses will go directly to an IP or EPZ to pick up workers if enough of them sign up for tickets.

Hepza will also organise a meeting for 600 workers at IPs and EPZs who have not returned home for many years. HCM City Party Committee leaders will visit and present gifts to them

Leave your comment on this story