According to the Resolution No. 27/NQ-TW of the Party Central Committee of Vietnam, there will be a separate Tet bonus fund for teachers in 2021. However, due to the impact of the Covid-19 epidemic, the Tet bonus fund will be rescheduled to 2022 and it is likely that many teachers may not receive Tet bonuses in 2021.
Currently, the law does not have specific provisions on whether state agencies, public non-business units and enterprises are required to give Tet bonuses to officials and public employees. Accordingly, due to the impact of the Covid-19 epidemic, it is likely that officials and public employees will not receive Tet bonuses in 2021.
Tet bonus is a matter of concern for many employees after a year of dedication and hard work. From January 01, 2021, when the Labor Code 2019 of Vietnam officially takes effect, enterprises must pay transfer fees if they give Tet bonuses via ATM cards to employees.
From January 01, 2021, when the Labor Code 2019 of Vietnam officially takes effect, provisions on bonuses shall be changed compared to those of the Labor Code 2012.
Tet bonus, 13th month salary is always an issue that employees and businesses care about when there is only 1 month left to enter 2021. LAWNET would like to send to Customers and Members the latest Tet bonus decision form applied from 2021 in Vietnam.
From January 01, 2021, when the Labor Code 2019 of Vietnam officially takes effect, employees may be entitled to Tet bonuses in the form of bonuses, property or other forms according to the announced regulations of the enterprise. So, what should employees do to not lose their Tet bonus in 2021?
The Lunar New Year 2021 is approaching, the issue that employees are most concerned about at this time is whether or not businesses will reward Tet, how much, and in what form. In this regard, the Labor Code 2019 of Vietnam clearly stipulates that from 2021, enterprises do not have to give Tet bonuses to employees in cash.
Tet bonus is an issue that many employees eagerly await after a year of devoting themselves to the company. However, according to the Labor Code 2019 of Vietnam officially effective from January 01, 2021, the 2021 Tet bonus will have noticeable changes that businesses and employees need to know.
Tet bonus is the amount of money employees are rewarded based on the annual production and business results and the employee's job completion level. So, is Tet bonus compulsory according to Vietnam’s regulations?
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