Support for Vietnamese guest workers in Vietnam

Support for Vietnamese guest workers

Pursuant to Article 10 of Decree 61/2015/ND-CP, if a worker who is an ethnic, a member of a poor household, a near poor household or a household having agricultural land withdrawn, or a relative of people with meritorious services to the revolution wishes to be a guest worker, he/she shall be eligible for:

(1) The support for vocational training, foreign languages and training of necessary knowledge, including:

- Tuition fees;

- Food expenses in real learning time;

- Travel expenses (round-trip tickets) for the distance between the residence and the training institution of 15 km or longer or 10 km or longer applicable to employees who legally reside in severely disadvantaged areas.

Employees in poor districts may also receive expenses for accommodation and essential personal items.

(2) The financial support for procedures for passports, visas, check-ups, criminal records before the workers sent abroad to work as prescribed.

(3) Support for risk settlement throughout the overseas working time as prescribed.

(4) Financial support for training in professional skills on request of the host country.

Support for Vietnamese guest workers in Vietnam (Internet image)

Provision of loans Vietnamese guest workers

Pursuant to the provisions of Article 11 of Decree 61/2015/ND-CP, each worker who is a member of a poor household or a household having agricultural land withdrawn and an ethnic is entitled to apply to the Vietnam Bank for Social Policies (hereinafter referred to as VBSP) for loans according to the guest worker program as prescribed.

Each worker who is a member of a near poor household or a relative of people with meritorious services to the revolution is entitled to apply to National Employment Fund for loans according to the guest worker program as prescribed in Section 3 Chapter V of the Decree 61/2015/ND-CP, for example:

- Loan amount:

+ For production and business establishments, the maximum loan is 02 billion VND/project and not more than 100 million VND per employee to create, maintain, and expand jobs.

+ For employees, the maximum loan amount is VND 100 million.

+ The specific loan level shall be considered by the Bank for Social Policies based on the borrower's capital source, production, and business cycle, as well as the borrower's debt repayment ability, to reach an agreement with the borrower.

Loan term: The maximum loan term is 120 months. The specific loan term is considered by the Bank for Social Policies, based on the capital source, production, and business cycle, as well as the borrower's debt repayment ability to reach an agreement with the borrower.

- Loan interest rate:

+ For small and medium-sized enterprises, cooperatives, cooperative groups, and business households, the loan interest rate is equal to the loan interest rate for near-poor households in accordance with the law on credit for near-poor households.

+ For employees, the loan interest rate is equal to 50% of the interest rate for small and medium enterprises, cooperatives, cooperative groups, and business households.

+ Overdue debt interest rate is equal to 130% of the loan interest rate corresponding to each of the above subjects.

Mai Thanh Loi

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