The holiday divide: Survey finds huge disparity in Tet bonuses

By Thu Hang, Thanh Nien News

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Tet (Lunar New Year Festival) bonuses this year range between VND40,000 and VND624 million a person, a survey has found. Photo: Ngoc Thang Tet (Lunar New Year Festival) bonuses this year range between VND40,000 and VND624 million a person, a survey has found. Photo: Ngoc Thang

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A survey by the labor ministry has found a foreign-invested company in the southern province of Binh Phuoc paid the lowest bonus for the Tet Lunar New Year Festival, offering an employee only VND40,000 (US$1.78). 
A lucky employee at another foreign business in the northern province of Hai Duong, meanwhile, received the highest bonus of VND624 million ($27,800), the ministry told the press on Tuesday.
Data also showed that the highest and lowest bonuses in Hanoi were VND100 million and VND450,000 while the respective figures in Ho Chi Minh City were VND600 million and VND3.09 million, all paid by foreign-invested companies.
The survey was conducted among 13,178 businesses around the country with a combined workforce of 2.4 million.
The average bonus rose 15.7 percent from last year to VND5.53 million ($246.6) a person, according to the survey's findings.
The increase was slightly higher than the rise of 15 percent reported last year. The ministry previously forecast that Tet bonuses this year would rise to the highest level ever, as the economy has started to recover.
The Lunar New Year, the most important and biggest festival in Vietnam, will be on February 6-14.

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