Workers to be required to pay deposit in order to work in RoK
 |
| Illustrative photo. (Source: VNA) |
Accordingly, Vietnamese guest workers to be working in the RoK under the Employment Permit System (EPS) programme will be required to make a pre-departure deposit worth 100 million VND (4,239 USD) to guarantee their return to Vietnam after their job contracts expire.
The new policy forms part of measures to prevent Vietnamese migrant workers from overstaying their contracts in the RoK.
The workers must pay the deposit at the Vietnam Bank for Social Policies (VBSP) within 35 days after they sign the contract for employment in the RoK.
Prospective workers can take out a loan of up to 100 million VND from the VPSP to make the deposit without loan security.
The deposit will be refunded to the workers upon the liquidation of the contract.
The policy will be effective from May 15 this year until the revised law on Vietnamese guest workers working abroad under contracts takes effect.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Tag:
Themes: COVID-19
- 67 million children missed out on vaccines because of Covid: UNICEF
- Vietnam records 305 COVID-19 cases on October 30
- 671 new COVID-19 cases recorded on October 1
- Vietnam logs additional 2,287 COVID-19 cases on Sept. 21
- People’s support decisive to vaccination coverage expansion: official
Related Contents
Latest News
More News
- Requirements for foreign drivers, vehicles operating in Vietnam (December 13, 2024 | 11:03)
- Hanoi pushes To Lich river cleanup and urban wastewater overhaul (December 10, 2024 | 14:55)
- Green and smart transition to address urban challenges (December 10, 2024 | 11:47)
- Hanoi boosts night offerings but still trails rivals (December 10, 2024 | 11:33)
- Hanoi to promote 16 medicinal plant varieties for cultivation (December 06, 2024 | 19:11)
- Hanoi to enact economic-technical norms for training in 37 occupations (December 06, 2024 | 14:08)
- Hanoi creates 213,200 jobs, exceeding annual target by 29.1 per cent (December 06, 2024 | 14:04)
- Vehicle registration time cut to a few minutes in Hanoi (December 06, 2024 | 09:36)
- 14 Vinschool students top global rankings in Cambridge exams (December 05, 2024 | 18:27)
- Thousands flock to Hanoi for craft festival (December 05, 2024 | 18:25)
Latest News
Mobile Version