HA NOI — Some overseas contract workers return home with up to US$15,000 each in savings after three years, four times more than many can earn in Viet Nam.
Many of the workers could have expected to earn only 2 million ($100) a month in their villages and save next to nothing.
The details on contract workers returning from Malaysia, Japan, Taiwan and South Korea in 2010-11 were released in a recent report by the Ministry of Labour, Invalids and Social Affairs.
Around 90 per cent of the contract workers returned home with savings, the report said. Those with the biggest bank balances came from Japan and South Korea – each employee having accumulated VND243 million ($11,600) to VND312 million ($15,000) after three years.
Employees mainly used their savings to repay debts arising before or after they went to work abroad or to build or repair houses.
They often had to pay a brokerage fee of $3,000-$8,000 each to work abroad.
Only 8 per cent of the savings were used to do business or to continue studying or training.
The report also showed about 80 per cent of returning contract workers got jobs on returning to Viet Nam, but the jobs were mostly manual labour.
Around 200,000 Vietnamese workers are currently contracted in Malaysia, Japan, Taiwan and South Korea, accounting for 40 per cent of the total of employees working in 40 countries and territories worldwide. — VNS