year-end bonus

Struggling firms try to offer year-end bonuses to retain employees

Struggling firms try to offer year-end bonuses to retain employees

Despite the impact of Covid-19 resulting in the lack of orders and financial woes, many businesses in Ho Chi Minh City have still been struggling to give Tet ( the Lunar New Year) bonuses to employees. Struggling businesses also announced plans to reward Tet early so that employees can feel delighted on these days before the Tet holidays and this is a way to retain employees during and after Tet holidays.
Labor market at year’s end: Increasing connection, stabilizing jobs

Labor market at year’s end: Increasing connection, stabilizing jobs

In recent weeks, many workers in Ho Chi Minh City have struggled when they were laid off. According to the Confederation of Labor of HCMC, currently, more than 30,150 laborers are at risk of losing their jobs, having their working hours cut, and being rearranged their jobs at the end of the year.

HCM City sees highest Tet bonus of VND457 million

The HCM City Department of Labor, War Invalids and Social Affairs said the highest Tet bonus of VND457 million belongs to private businesses, general partnerships and joint-stock companies in export processing zones and industrial parks (IP).