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 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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:
April 2017

April 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



X