The company with the largest number of employees in Vietnam spends 1,500 billion VND on Tet bonus

Pou Chen Group spent about 1,500 billion VND on Tet bonuses for more than 94,000 workers at 8 factories, with an average of 16 million VND per person.

Information on the 2024 Lunar New Year bonus was announced by Pou Chen International Group (Taiwan) on the afternoon of January 6. The factories of this enterprise include: Pouyuen in Ho Chi Minh City; Pouchen, Pousung, Pouphong in Dong Nai; Du Duc in Tien Giang; Pouhung, Pouli in Tay Ninh and Prime Asia in Ba Ria - Vung Tau.

Accordingly, workers who work for a full year will receive a bonus of one month's salary, then the rate increases gradually according to seniority. Workers who have worked for 12 years or more will receive 1.98 months' salary, while last year's rate was 2.2 months. If converted into money, workers will receive a bonus 10% lower than last year. This is the second time in the past 5 years that Pou Chen has reduced Tet bonuses. The first time was during Tet 2022 when Covid-19 broke out, workers received a bonus of 70% compared to the previous year.

Workers at Pouyuen Company, Binh Tan District, after work, 2022. Photo: Quynh Tran — Workers at Pouyuen Company, Binh Tan District, after work, 2022. Photo: *Quynh Tran*

Pou Chen has not yet released the lowest and highest bonus amounts that employees receive in the entire group. However, at the company with the largest number of workers, Pouyuen in Ho Chi Minh City, the highest bonus is about 67 million VND and the lowest is more than 5 million VND; the average is about 17 million VND. This year's Tet, Pouyuen spent about 633 billion VND in bonuses for more than 38,000 employees.

According to the group's leaders, in 2023, the global economy will continue to decline, market consumption will decrease sharply, greatly affecting the company's production and business activities. However, the company tries to ensure care for its employees. For many years, the company has maintained approximately 1,500 billion VND in Tet bonuses for workers.

Pou Chen from Taiwan is one of the largest footwear manufacturers and processors in the world for brands such as Nike, Puma, Adidas... The group invested in Vietnam in 1994 and has been the largest manufacturing enterprise in the country for many years, at times reaching 130,000 people. However, due to the impact of Covid-19 and a decline in orders, the group has repeatedly reduced its workforce.

Le Tuyet

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