According to the ministry, cities and provinces nationwide have reported on salary and Tet 2023 bonuses. The average bonus for the coming New Year would be VND1.2 million (USD50.84), down 14 percent on-year. The state-owned sector will offer the highest bonus with VND2 million, followed by the foreign-invested sector with VND1.5 million.
The Ministry of Labour, Invalids and Social Affairs predicts a 10 percent rise in Tet bonuses for coming Lunar New Year
HCM City tops nationwide in the New Year bonus with VND606 million. Ben Tre comes after with VND332 million, Bac Ninh with 257 million and Hanoi VND125 million.
Meanwhile, the average bonus for Tet 2023 will be roughly 10 percent up. The highest level of VND7.2 million belongs to foreign-invested firms, followed by state-owned enterprises with VND6.5 million.
A company in Danang has announced a Tet bonus of up to VND1 billion. The runners-up are Binh Duong with VND896 million, HCM City with VND760 million, Ba Ria-Vung Tau with 535 million, Hanoi with VND400 million, Bac Ninh with VND379 million and Dong Nai with VND307 million.
The lowest Tet bonus is VND50,000.