Ho Chi Minh City labor unions propose early Tet bonuses

The Ho Chi Minh City Confederation of Labor has requested businesses to consider providing Tet bonuses or partial advances during November and December. This proposal follows suggestions from Ho Chi Minh City Party Secretary Tran Luu Quang to encourage early payouts to assist workers with year-end expenses such as travel and shopping.

Phung Thai Quang, Vice Chairman of the Ho Chi Minh City Confederation of Labor, noted that early bonuses would help workers manage financial pressures. However, implementing such plans on short notice poses challenges for large-scale enterprises, as bonus amounts are typically determined by annual business results and require multiple levels of corporate approval.