Firms ordered to disclose Tet bonuses
The Ministry of Labour, Invalids and Social Affairs has ordered foreign direct investment, State-owned and private enterprises nationwide to submit bonus proposals for the coming Tet holidays.
Unlike last year, many enterprise leaders are not hesitating to speak openly about their workers’ Tet bonuses.
“It is likely that the year-end bonus for employees and staff will be higher than last year’s,” said Duong Van Manh, deputy director of May 1 Automobile Manufacturer.
According to Do Huu To, director of Huu To Aquaculture Company in Quang Ninh Province, bonuses for workers in the company would rise by 20 per cent this year.
Nguyen Thi Le Hong, president of the Board of Directors of Dong Nai Food Industry Corporation, said that the bonuses for workers in corporate enterprises would be about VND1 to 2 million (US$51 to $102) higher than last year’s bonuses.
According to Dao Ngoc Hoang, head of the province’s Labour and Social Affairs Unit, of the 20 enterprises that had submitted bonus and salary proposals for Tet holidays, all of the companies will give bonuses that will equal one or two months salary to their employees.
Director of the Labour and Salary Department under the Ministry of Labour, Invalids and Social Affairs Tong Thi Minh said that the bonuses for the Tet holidays would be satisfactory.
However, Le Thi Thuy Van, an expert from the Academy of Finance, said that in the context of the increased consumer spending, such increases would not amount too much.
More at http://vietnamnews.vnagency.com.vn
