Vietnamese Tet bonus ranges from 82 cents to $234,000

As of Tuesday, 23 localities have announced their Tet (Lunar New Year) bonuses, which do not include Hanoi and Ho Chi Minh City.

The country’s highest Tet bonus belongs to a general director at a company with Japanese capital in the Mekong Delta’s Long An Province, whose monthly salary is VND235 million.

The lowest Tet bonus is going to an employee in Vietnam’s southernmost province of Ca Mau Province.

Quang Nam’s highest Tet bonus this year is VND636 million, 1.9 times higher than the previous year’s at VND340 million.

In the south, Binh Duong and Can Tho saw significantly reductions in their highest Tet bonus figures. Ho Chi Minh City-adjacent Binh Duong’s highest Tet bonus this year is VND366 million, compared to last year’s 896 million. The Mekong Delta’s major commercial hub of Can Tho’s highest Tet bonus this year is VND96.3 million, compared to last year’s VND138 million.

Since last year, due to impacts of global economic downturns, manufacturing industries like wood, textile and leather have been suffering from a lack of orders. Several factories with high numbers of workers in southern localities such as HCMC, Binh Duong and Dong Nai have thus resorted to layoffs. Workers at many other factories have also had their working hours reduced, leading to lower incomes.