As Vietnam gets ready for the lunar new year next month, employers are giving workers bonuses ranging from $1.70 to nearly $22,000, according to the country’s labor ministry. Enterprises typically give their employees a bonus of at least one month’s wage for the annual Vietnamese new year holiday.
The average bonus for state-owned companies is $122 whereas foreign invested enterprises average $106.
The bonuses come on top of salaries that rose by more than 10% last year to an average of $158 monthly, not much in light of the rising consumer price index. Workers at foreign owned enterprises averaged 10% pay increases, and workers for private enterprises got nearly 11% more.