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New cap set for labour export deposits

Update: October, 14/2013 - 14:00
The Ministry of Labour, Invalids and Social Affairs has set a new cap on deposit rates paid by workers for labour export businesses at a maximum of US$3,000.— File Photo

HA NOI (VNS)─ The Ministry of Labour, Invalids and Social Affairs has set a new cap on deposit rates paid by workers for labour export businesses at a maximum of US$3,000.

The ceiling deposit rate is different depending on the kind of job and labour market.

Under the ministrys newly-issued circular, the highest deposit level of $3,000 will be applied for on-the-job trainees to work in Japan and fishermen working on fishing vessels in the Republic of Korea.

Meanwhile, the lowest deposit ceiling rate of $300 will be applied for those going to work in Malaysia, Brunei, Thailand and Laos.

For those markets that do not have a ceiling deposit rate, workers will pay a deposit equivalent to the price of return airline tickets to Viet Nam.

Viet Nam has exported more than 62,600 workers over the past nine months of this year.

The regulation will come into force on December 1 this year.-VNS

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