Jan. 11 – The highest bonus given during Tet Festival comes from a foreign hotel industry company in Ho Chi Minh City amounting to US$21,000, according to the city’s Department of Labor, War Invalids and Social Affairs.
The department based the information on an official list of compiled from reports submitted by almost 1,000 companies. The department refused to give the name of the hotel. The lowest Tet bonus in Vietnam’s financial capital amounts to US$56 given by a local company says Thanh Nien News.
Nguyen Van Xe, director of the department, told Thanh Nien News that higher Tet bonuses this year were not worth much more than last year given the inflation and added that employees should see the bonus gap as motivation to improve their performance.
Tet Nguyen Dan or Tet is the most important festival in Vietnam with the holiday celebrated the same day as Chinese New Year. During this time, Vietnamese travel from all over to visit family and friends. This year is considered the year of the tiger with Tet beginning on February 14.
