Employment service businesses must deposit funds to help ensure workers' rights
The fact that employment service enterprises have to deposit funds helps ensure the rights of employees and increase their reputation with partners.
According to the provisions of Decree 352/2025/ND-CP detailing a number of articles of the Law on Employment on Employment Services (effective from January 1, 2026), to be licensed, businesses operating employment services need to deposit VND300 million at commercial banks.
This deposit amount is only used to pay for financial obligations arising in cases where the enterprise does not perform or does not fully perform its obligations in employment service activities as required by the competent authority.
At the same time, within 30 days from the date the deposit is used, the enterprise must return the used amount and ensure the deposit level according to regulations.
Mr. Nguyen Thanh Vu - Director of Vu Van Anh Labor Supply Company Limited - said that his company operates in the field of labor supply and labor leasing.
According to the provisions of the 2019 Labor Code and Decree 145/2020/ND-CP, labor leasing enterprises must deposit 2 billion VND to be granted an operating license.
According to Mr. Vu, requiring businesses to deposit a deposit when introducing jobs will contribute to ensuring the rights of employees.
For example, a business leases out 200 workers with an average salary of VND8 million/person/month. If the leased business has any problems and cannot pay the salary to the employee in the amount of VND1.6 billion in advance, the deposit of VND2 billion will contribute to ensuring that the employee receives full salary.
"Requiring employment service enterprises and labor leasing enterprises to deposit will help ensure the rights of employees more and partners will feel more secure," said Mr. Vu.
Ms. Bui Thi Kim Quy, legal representative of QBOX Vietnam Service Company Limited, Binh Tri Dong Ward, Ho Chi Minh City - also said that having an employment service enterprise deposit 300 million VND will help screen for irresponsible business enterprises and increase responsibility towards employees, especially in cases of violations or dissolution.
However, the opposite impact is creating cash flow pressure for small businesses and new businesses, because the deposit is "frozen", not put into operation or pay salaries. This could cause the market to shrink, reducing the number of businesses participating in employment services.
According to Ms. Quy, if the deposit is high, it should be classified according to the scale of the enterprise, or allowing bank guarantees to replace cash, to both protect employees and not put too much pressure on businesses to do business honestly.
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