- Country Information
- Vietnam
In this article...
Vietnam
- What are the mandatory and optional benefits in Vietnam?
- What are the public holidays in Vietnam?
- What are the Annual Leave Entitlements in Vietnam?
- What are the Sick Leave policies in Vietnam?
- What are the Social Security contributions in Vietnam?
- What are the Standard Working Hours in Vietnam? How about Overtime?
- What are the standard Probation Periods in Vietnam?
- What are the Paid and Unpaid Leaves in Vietnam?
- What types of Employment Agreements does Horizons offer in Vietnam?
- What type of Bonuses exist in Vietnam? Are the mandatory?
- What is the minimum salary in Vietnam?
- What is the Payroll Cadence in Vietnam?
- What is the Personal Income Tax like in Vietnam?
- How are Employee Expenses reimbursed in Vietnam?
What type of Bonuses exist in Vietnam? Are the mandatory?
In Vietnam, the practice of providing additional annual compensation, such as the 13th month salary and various bonuses, is a common and highly appreciated aspect of employee remuneration. However, it's important to distinguish between what is mandatory by law and what is customary but not legally required.
13th Month Salary
- Mandatory Status: Not legally required
- Common Practice: The 13th month salary is a widely accepted and appreciated practice in Vietnam. While not mandated by law, many companies offer this additional salary as a bonus at the end of the year, typically in December. It serves as a form of year-end reward and financial boost for employees.
Tet Bonus
- Mandatory Status: Not legally required
- Amount: Approximately 10% of the gross salary
- Timing: Paid in January
- Purpose: The Tet Bonus is provided to celebrate the Lunar New Year (Tet), the most significant holiday in Vietnam. This bonus is a customary practice and is often given as a token of appreciation for employees' work over the past year. It is not a legal requirement but is highly valued and expected by employees.
Labor Day Bonus
- Mandatory Status: Not legally required
- Amount: Approximately 5% of the gross salary
- Timing: Paid in May
- Purpose: The Labor Day Bonus is given in recognition of International Workers' Day. This bonus is a customary practice to honor the contributions of employees. It is not mandated by law but is commonly offered by employers to show appreciation.
National Day Bonus
- Mandatory Status: Not legally required
- Amount: Approximately 5% of the gross salary
- Timing: Paid in September
- Purpose: The National Day Bonus celebrates Vietnam’s National Day. Like the other bonuses, it is a customary practice rather than a legal obligation, aimed at expressing appreciation to employees.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article