Rewards for Tet in 2021 May Be in Kind?

Article 104 of the 2019 Labor Code (Effective from January 1, 2021) stipulates as follows:

Bonuses are monetary amounts, assets, or other forms awarded by the employer to employees based on production and business results and the level of job performance of the employees.

The bonus policy is determined by the employer and publicly announced at the workplace after consulting with the employee representative organization at the establishment, in the case where there is an employee representative organization at the establishment.

Thus, from the above regulation, it can be easily concluded that this year's Tet bonus does not necessarily have to be in cash. Therefore, enterprises may apply rewards in kind.

Respectfully!