FDI enterprises allowed to offer employment services
27/05/2008

 

Under the 2005 Law on Enterprises, all enterprises (whether foreign invested or domestic) are permitted to establish job introducing organizations.

 

Under the 2005 Law on Enterprises, all enterprises (whether foreign invested or domestic) are permitted to establish job introducing organizations.

Enterprises operating in the field will have to possess conditions including: a 300 million - VND deposit, firm head office, at least five staff having college degrees or above.

This is one of the latest items of the new Draft decree, instead of the former Decree on organizing and introducing jobs, just submitted to the Government by the Ministry of Labour, Invalids and Social Affair. Under the Draft decree, besides business licences granted by the local Department of Planning and Investment, enterprises offering the services are obligated to have operation permits licenced by the local Department of Labour, Invalids and Social Affair too.

The adjustment aims to remove barriers on registrating operation of employment services for all forms of businesses, meeting Viet Nam's Economic Open-door Policy and enhancing a more open, business friendly investment climate.