Hanoi Enterprises Announce Tet Bonuses for 2024
Hanoi's Department of Labor, War Invalids and Social Affairs has released a comprehensive report on labor policies and Tet bonuses awarded by different enterprise sectors for 2024.
Riley Harper
- 2023-12-27
- Updated 05:14 PM ET
(NewsNibs) - The report included over 3,000 enterprises from state-owned to foreign direct investment (FDI) categories. State-owned enterprises with full state ownership granted Gregorian New Year bonuses averaging 650,000 VND, with the highest at 3,200,000 VND and the lowest at 400,000 VND per person. The Lunar New Year bonuses averaged 3,100,000 VND, reaching a high of 20,000,000 VND and a minimum of 500,000 VND per person.
Diverse Bonus Structures Across Sectors
Joint-stock companies in which the state holds a controlling share reported lower Gregorian New Year bonuses with an average of 500,000 VND and a peak of 3,000,000 VND, with the smallest bonus mirroring state enterprises at 400,000 VND. Conversely, their Lunar New Year bonuses averaged higher at 3,300,000 VND, with the largest bonus reported as 29,800,000 VND and the minimum at 500,000 VND per person. Private enterprises followed a similar trend for the Gregorian New Year, with average bonuses at 500,000 VND and the top at an impressive 29,000,000 VND, while the lowest bonus was at 300,000 VND per person. Their Lunar New Year bonuses increased to an average of 3,500,000 VND, with a significant top bonus of 90,000,000 VND and the lowest at 500,000 VND per person.
FDI Enterprises Lead in Bonus Distribution
FDI enterprises outperformed all other sectors in terms of bonus amounts. Their bonuses for the Gregorian New Year averaged at 500,000 VND, with the highest reported at an extraordinary 90,000,000 VND and the lowest at 350,000 VND per person. The Lunar New Year bonuses presented by FDI companies were the highest on average at 4,000,000 VND, with the top bonus reaching 205,000,000 VND and the lowest at 500,000 VND, showing significant generosity compared to other sectors.
In conclusion, the report reveals a broad spectrum of Tet bonuses distributed among Hanoi's enterprises, reflecting both the financial capabilities of these entities and the variance in compensation philosophies between state-owned, joint-stock, private, and FDI firms. The data underscores the Lunar New Year's significance in Vietnamese culture as reflected in the size of the bonuses awarded to employees during this festive period.
