HCM City: Highest Tet bonus in industrial parks at $10,000
VietNamNet Bridge - Despite the difficult economic situation in Vietnam, the highest year-end bonus in export processing zones (EPZ) and industrial parks (IP) in HCM City is at VND217 million (over $10,000).

The enterprises in EPZs and IPs in HCM City have completed the plans on Tet bonus for their workers.

Accordingly, the highest bonus for this New Year belongs to an employee of a foreign-invested company, with VND217.3 million (over $10,000).

The average and the lowest bonus of foreign firms are VND3.673 million ($170) and VND2.3 million ($100).

For domestic firms, the highest bonus is VND55.3 million ($2,500). The average is VND2.984 million ($150) and the lowest is VND2.14 million ($100).

The highest average Tet bonus belongs to the electrical and electronics industry, with VND5 million ($250), followed by the mechanical engineering field with VND3.55 million ($160).

The lowest bonus is for the food processing sector, with VND2.5 million ($120). It is VND3.4 million ($170) for the garment and footwear industry.

Tet bonus is expected to be paid between January 25, 2012 and February 7, 2013.

In addition to Tet bonus, a number of companies will carry out many programs to support the Tet holiday of their workers.

Earlier, the Department of Labor, War Invalids and Social Affairs of HCM City asked all companies located in the city to report on their Tet bonus plans before December 10.

M. Phuong
Vietnam, HCM City, Tet bonus, New Year