Is there bonuses for employees in Vietnam at the Lunar New Year 2024?

How many days off are employees in Vietnam entitled to at the Lunar New Year 2024?

Pursuant to Article 112 of the Labor Code in 2019 stipulating public holidays as follows:

Public holidays

1. Employees shall be entitled to fully paid days off on the following public holidays:

a) Gregorian Calendar New Year Holiday: 01 day (the 1st of January of the Gregorian calendar);

b) Lunar New Year Holidays: 05 days;

c) Victory Day: 01 day (the 30th of April of the Gregorian calendar);

d) International Labor Day: 01 day (the 1st of May of the Gregorian calendar);

dd) National Day: 02 days (the 2nd of September of the Gregorian calendar and the previous or next day);

e) Hung Kings Commemoration Day: 01 day (the 10th of the third month of the Lunar calendar).

...

Pursuant to Article 111 of the Labor Code in 2019 stipulating weekly breaks as follows:

Weekly breaks

1. Each week an employee is entitled to a break of at least 24 consecutive hours. Where it is impossible for the employee to have a weekly day off due to the work cycle, the employer has the responsibility to ensure that on average the employee has at least 04 days off per month.

2. The employer has the right to determine and schedule the weekly breaks either on Sunday or for another fixed day in a week, which must be recorded in the internal labor regulations.

3. In case a public holiday falls on an employee’s weekly break coincide with a public holiday as prescribed in Clause 1 Article 112 of this Labor Code, he/she will have compensatory time-off on the next working days.

Therefore, employees in Vietnam are entitled to 5 fully paid days off for the Lunar New Year 2024. Based on the Lunar New Year holiday schedule announced by the government, businesses will decide specific Lunar New Year holiday dates for employees in their businesses.

On the other hand, the Lunar New Year 2024 will have the first and second days falling on Saturday and Sunday, so workers may be able to take 2 days of compensatory leave (in the case where the employee's weekly day off is both Saturday and Sunday).

Therefore, it is estimated that workers will be able to take 7 days off for the Lunar New Year 2024, from February 8, 2023 to February 14, 2024.

Note: The exact timing of the Lunar New Year holiday 2024 will be announced by the government in the near future.

Is there bonuses for employees in Vietnam at the Lunar New Year 2024? - Source: Internet

Is there bonuses for employees in Vietnam at the Lunar New Year 2024?

Pursuant to Article 104 of the Labor Code in 2019 stipulating bonuses as follows:

Bonuses

1. A bonus means an amount of money, a piece of property or item that is provided by an employer for his/her employees on the basis of the business performance or the employees’ performance.

2. A bonus regulation shall be decided and publicly announced at the workplace by the employer after consultation with the representative organization of employees (if any).

As regulations above, bonuses for employees at Tet holiday is provided by an employer for his/her employees on the basis of the business performance or the employees’ performance.

A bonus regulation shall be decided and publicly announced at the workplace by the employer after consultation with the representative organization of employees.

What are regulations on calculation of overtime pay for employees who work overtime during the daytime in Lunar New Year in Vietnam?

Pursuant to Article 98 of the Labor Code in 2019 stipulating overtime pay, night work pay as follows:

Overtime pay, night work pay

1. An employee who works overtime will be paid an amount based on the piece rate or actual salary as follows:

a) On normal days: at least 150%;

b) On weekly days off: at least 200%;

c) During public holidays, paid leave, at least 300%, not including the daily salary during the public holidays or paid leave for employees receiving daily salaries.

2. An employee who works at night will be paid an additional amount of at least 30% of the normal salary.

3. An employee who works overtime at night will be paid, in addition to the salary specified in Clause 1 and Clause 2 of this Article, an amount of at least 20% of the day work salary of a normal day, weekend or public holiday.

4. The Government shall elaborate this Article.

As regulations above, employees who work overtime during the daytime in Lunar New Year in Vietnam will be paid at least 300% based on the piece rate or actual salary, not including the daily salary during the public holidays or paid leave for employees receiving daily salaries.

Best regards!