Twelve provinces and cities announce Tet bonuses.

The highest Lunar New Year bonus recorded was 366 million VND, received at a foreign-invested enterprise in Binh Duong, while the lowest was 50,000 VND.

Among the localities that have announced their bonuses, the highest amounts have decreased significantly compared to last year. For example, in Binh Duong, the highest bonus last Tet was 896 million VND, while 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 amounts for 2024 as of December 25th (unit: million VND)

Provinces and cities	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 global impacts, manufacturing sectors such as wood, textiles, and footwear have experienced a shortage of orders. Many factories with large workforces in southern provinces like Ho Chi Minh City, Binh Duong, and Dong Nai have had to reduce their labor force. Workers in many businesses are facing unemployment and reduced income.

Representatives from trade unions in the southern provinces believe that the level of Tet bonuses this year will depend on the industry and export market. For example, within the garment industry, businesses exporting to Europe will be more affected and receive lower bonuses. Many factories are starting to receive end-of-year orders and are waiting for payment from partners before they can balance their finances, with announcements not made until January 2024.

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

The Tet bonus amounts announced by provinces and cities are based on data reported by a number of businesses in their areas. According to the leaders of the Vietnam General Confederation of Labor, the law does not mandate Tet bonuses, but this amount demonstrates the social responsibility of factory owners. Especially during difficult times, workers are more eager for Tet bonuses, and early announcement will help them feel secure.

Today is the deadline for localities to report the situation regarding salaries and Tet bonuses to the Ministry of Labour, Invalids and Social Affairs.

Le Tuyet

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