12 provinces and cities announced Tet bonuses

The highest recorded Lunar New Year bonus is 366 million VND for a case at an FDI enterprise in Binh Duong, the lowest is 50,000 VND.

Among the localities that have announced the highest bonus, it has decreased sharply compared to last year. For example, Binh Duong, the highest bonus for Tet last year was 896 million VND, this year it is only 366 million VND, a decrease of nearly 2.5 times. In Can Tho, the highest bonus is 96.3 million VND while last year it was 138 million VND, a decrease of 1.4 times.

Tet bonus level in 2024 as of December 25 (unit: million VND)

Province, city	Highest	Lowest
Binh Duong	366	4.68
Hung Yen	300	0.3
Tay Ninh	217	1
Thai Nguyen	130	0.1
Ninh Binh	100	0.05
Lao Cai	100	0.5
Nghe An	99.5	0.15
Binh Thuan	91	0.3
Dak Lak	81.9	0.1
Can Tho	69.3	0.1
Bac Lieu	50.5	0.2
Dak Nong	42	1

Since the middle of last year, due to the impact of the world, manufacturing industries such as wood, textiles, and footwear have suffered from a shortage of orders. Many factories with many workers in southern provinces such as Ho Chi Minh City, Binh Duong, and Dong Nai have had to reduce their workforce. Workers in many enterprises are unemployed and their income has decreased.

Representatives of trade unions in southern provinces said that this year's Tet bonus will be high or low depending on the industry and export market. For example, in the same garment industry, businesses exporting to Europe will be affected more and the bonus will be lower. Many factories have started to receive year-end orders, so they are waiting for their partners to pay to balance their cash flow, and will only announce it in January 2024.

Garment workers work at a factory in Thu Duc City, November 2023. Photo: Thanh Tung — Garment workers work at a factory in Thu Duc City, November 2023. Photo: *Thanh Tung*

The Tet bonus levels announced by provinces and cities are based on the reported data of a number of businesses in the area. According to the leader of the Vietnam General Confederation of Labor, the law does not require businesses to give Tet bonuses, but this amount demonstrates the social responsibility of factory owners. Especially when times are difficult, workers look forward to Tet bonuses more, and early announcement will help them feel secure.

Today is the deadline for localities to report the salary and Tet bonus situation to the Ministry of Labor, War Invalids and Social Affairs.

Le Tuyet

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