Worker Sublease Companies Must Have Legal Capital of VND2 Billion

This is a notable content of Decree No. 55/2013/ND-CP of the Government dated May 22, 2013 detailing the implementation of Clause 3, Article 54 of the Labour Code on licence for labour leasing operation, payment of deposits and list of jobs entitled to implement labour lease.

 

Labour sublease companies must satisfy all these conditions: Deposit VND2 billion; maintain registered capital not lower than the legal capital (VND2 billion) in the course of operation, have fixed headquarter location for two years upwards, have well-described directors of enterprises, branches and representative offices with experience of at least three years. Subleased labourers include interpreter, translator, stenographer, secretary, administrative assistant, receptionist, tour guide, sales assistant, project assistant, production system programmer, sanitation staff, bodyguard, guard, and driver.

 

The sublease duration must be within 12 months. The Decree takes effect on July 15, 2013.