Business
Tet bonuses range from two month's wage to nothing
  • | TP, dtinews.vn | January 08, 2015 02:24 PM
 >>  Companies promise to maintain Tet bonus despite economic downturn
 >>  Vietnamese athletes forfeit Tet bonuses
 >>  Hundreds of workers in Can Tho strike for Tet bonuses
 >>  Education and Training Minister announces tight budgets for Tet bonuses
Annual bonuses for Tet this year rage from up to two-month's salary to nothing at some large state-owned groups in Vietnam.


 Petrolimex employees may not have Tet bonus due to losses

An official from Civil Engineering Construction Corporation No.4 JSC (Cienco 4), one of the biggest companies in the transporation industry, said they have yet to determine this year’s Tet bonus, but it intends to leave the bonus unchanged from 2014 at the equivalent to two-month's salary.

“In 2014, Cienco 4’s employees’ monthly incomes averaged more than VND10m. This means that employees may receive a Tet bonus of more than VND20m each,” the official said.

Vietnam National Oil and Gas Group (PetroVietnam)’s deputy general director, Le Minh Hong, said the group’s Tet bonus for this year is expected at about 1.5-month's salary, averaging about VND22m per employee.

Doan Duy Hoach, deputy general director of Vietnam Railway Corporation (VRC), said the group would direct part of its VND180bn profit this year on paying Tet bonus for its employees. Most of employees will receive a Tet bonus of more than VND10m.

An official from the Vietnam Garment and Textitle Group (Vinatex) said, “Commonly employees are given a one-month salary Tet bonus.”

An official from the Electricity of Vietnam Group (EVN) said they often pay a Tet bonus of from VND2m to VND3m to its employees each and this is just considered a support to them during the traditional festival.

But employees at the Vietnam National Petroleum Group (Petrolimex) may be in for some bad news this Tet. Tran Ngoc Nam, Petrolimex’s deputy general director, said the group will announce its Tet bonus plan for this year on February 2, but warned that Petrolimex losses over the past year may mean there will be no bonus.

Leave your comment on this story