Home / Knowledge / News / Apparel/Garments / Tet bonus handouts expected to be lower than last year
Tet bonus handouts expected to be lower than last year
Dec '08
Tet bonuses normally paid out at the end of December are just round the corner and according to reports there is going to be a slight drop in the amount of bonus to be paid in the current year when compared with the previous year.

The only organizations expected to maintain the previous year's levels are the state owned and foreign invested companies, while the one's who regularly hand out large bonuses to their employees like banking, finance and real estate firms are expected to pay lesser than usual.

According to government sources, sectors like textiles, garments and footwear which paid heavy bonuses last year, even to the extent of 2-3 month's salary, are expected to pay only one month's salary as bonus this year.

However the big garment companies like Viet Tien and Nha Be are expected to pay bonuses equivalent to what they paid in the previous year. The department of Labour, Invalids and Social Affairs is expected to oversee and keep a close watch on the matter of payment of bonus and salaries in cooperation with the district units.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Oct 2016

German technology to help in energy saving in textiles

German technology can play a major role making the environment...

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search