Hanoi: Tet bonuses in all types of businesses increase
The average wages for 2024 and projected bonuses for workers during the New Year and Lunar New Year (Tet) holidays are expected to see steady growth across all business sectors compared to 2023, according to Nguyen Huy Khanh, Vice Chairman of the Hanoi Labour Confederation.
Tet bonuses increase across all business sectors in the capital city of Hanoi. (Photo: VNA)
Hanoi (VNA) – The average wages for 2024 and projected bonuses for workers during the New Year and Lunar New Year (Tet) holidays are expected to see steady growth across all business sectors compared to 2023, according to Nguyen Huy Khanh, Vice Chairman of the Hanoi Labour Confederation.
Notably, bonuses for the 2025 New Year are projected to increase by 3–200% compared to the previous year, while bonuses for the 2025 Lunar New Year are expected to rise by 2.86–12.5% year-on-year. Average wages for 2024 expanded by 6.76–7.35%, he noted.
Foreign-invested enterprises (FDI) are leading in Tet bonuses, with an average bonus of 4.5 million VND (177 USD) per worker and the highest individual bonus reaching 311 million VND, reflecting a 12.5% increase.
ꦦ Private and state-owned enterprises are also reporting moderate bonus growth, with private firms offering an average bonus of 3.6 million VND per worker. Average Tet bonus is 3.5 million VND per person while that of fully state-owned enterprises stands at 3.3 million VND per person.
According to the Hanoi Labour Confederation, FDI enterprises continue to lead in both wages and bonuses, while state-owned and private enterprises maintain stable but less remarkable growth.
This upward trend in wages and bonuses reflects businesses' efforts to improve workers’ livelihoods, fostering long-term loyalty and promoting sustainable development amid increasingly competitive labour market conditions.
Since November 2024, the Confederation has instructed trade unions at all levels to work closely with relevant authorities to monitor wage and bonus payments for workers. They are addressing issues in struggling businesses, such as delayed wage or bonus payments, as well as cases of dissolution or bankruptcy.
Trade unions are actively engaging in dialogues and negotiations with employers to ensure fair and timely wage and bonus payments, while also prioritising workers' welfare. Measures to prevent labour disputes and collective work stoppages during the Tet holiday have been implemented to ensure workplace and community stability.
This year, the Confederation has outlined 10 key tasks for trade unions at all levels. These include organising major events such as Workers' Month, facilitating dialogue programmes between city leaders and union members, and supporting workers during the Tet holiday.
💮 Trade unions have also been tasked with effectively representing and protecting the legitimate rights and interests of union members and workers, particularly in cases involving wage arrears or unpaid social insurance. They are expected to implement solutions to enhance dialogue and collective bargaining outcomes to improve workplace harmony and worker satisfaction./.
The Ho Chi Minh City Department of Labour, Invalids and Social Affairs has announced the 2024 salary report and plans for Tet (Lunar New Year) bonuses for workers.
The average bonus for the upcoming Tet (Lunar New Year) in Ho Chi Minh City is 12.7 million VND (nearly 500 USD) per person, up 3.3% from the previous year, the municipal Department of Labour, Invalids and Social Affairs reported on December 23.
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