Workers to be required to pay deposit in order to work in RoK
Prime Minister Nguyen Xuan Phuc has signed a decision on a piloting scheme which requires domestic workers to make deposits before departing to work in the Republic of Korea.
Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has signeda decision on a piloting scheme which requires domestic workers to make depositsbefore departing to work in the Republic of Korea.
Accordingly, Vietnamese guest workers to be working in theRoK under the Employment Permit System (EPS) programme will be required to makea pre-departure deposit worth 100 million VND (4,239 USD) to guarantee theirreturn to Vietnam after their job contracts expire.
The new policy forms part of measures to prevent Vietnamesemigrant workers from overstaying their contracts in the RoK.
The workers must pay the deposit at the Vietnam Bank forSocial Policies (VBSP) within 35 days after they sign the contract for employmentin the RoK.
Prospective workers can take out a loan of up to 100 millionVND from the VPSP to make the deposit without loan security.
The deposit will be refunded to the workers upon theliquidation of the contract.
The policy will be effective from May 15 this year until therevised law on Vietnamese guest workers working abroad under contracts takeseffect./.
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Illustrative photo. (Source: VNA)
