Home / Knowledge / News / Apparel/Garments / Apparel sector workers to receive high Tet bonuses
Apparel sector workers to receive high Tet bonuses
18
Dec '09
It has been anticipated that Vietnamese domestic entrepreneurs would offer higher Tet bonuses to their employees in coming year due to the improvement in their business, whereas most of the local entrepreneurs have already offered one-month salary bonus in 2009.

Apparel industry workers expect to receive a three-month salary bonus before Tet holiday as the domestic enterprises have witnessed improvement in business situations and the enterprises have achieved 2009's profit plan two months earlier than expected.

One of the garment companies would offer Tet bonuses of around VND 5.5-6 million, which is VND 500,000 to VND one million more than last year's bonus, informed the Vice Chairman of Vietnam Textile and Apparel Association, Mr. Pham Xuan Hong.

He informed that the member enterprises of the association may also offer satisfactory bonuses, equivalent to two-month salary to their employees. Though the garment and textile industry failed to attain expected export value due to the global economic meltdown, business of the industry has improved over the past six months.

Struggling firms will also manage to give the bonuses, as well as the financial enterprises are likely to provide high Tet bonuses this year and it could be equal to five to six month's salary, informed an official of Vietnam Association of Financial Investors.

The labor ministry asked the entrepreneurs to divulge their bonus details by December 20 to make employees feel secure as well as to prevent disputes before and after the Tet holiday.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search