According to the provisions of Decree 352/2025/ND-CP detailing a number of articles of the Employment Law on employment services (effective from January 1, 2026), to be licensed, businesses operating employment services need to deposit 300 million VND at commercial banks.
This deposit is only used to pay for arising financial obligations 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 Co., Ltd. - said that his business operates in the field of labor supply and labor sublease.
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 licensed to operate.
According to Mr. Vu, requiring businesses to deposit when introducing jobs will contribute to ensuring the rights of workers (NLD).
For example, if a business leases back 200 workers with an average salary of 8 million VND/person/month, if the leasing business has any problems and does not have time to pay salaries to employees of 1.6 billion VND, then the 2 billion VND deposit will contribute to ensuring that employees receive full salaries.
Requesting job service businesses to sub-lease labor will help ensure the rights of employees more and partners will be more reassured," Mr. Vu said.
Ms. Bui Thi Kim Quy, legal representative of QBOX Vietnam Service Co., Ltd., Binh Tri Dong Ward, Ho Chi Minh City - also said that the fact that job service businesses have to deposit 300 million VND will help screen irresponsible businesses and increase responsibility to employees, especially in cases where businesses violate or dissolve.
However, the reverse impact is creating cash flow pressure for small businesses and new businesses, because the deposit is "frozen", not put into operation or paid for wages. This may cause the market to shrink, reducing the number of businesses participating in job services.
According to Ms. Quy, if maintaining a high margin level, it should be classified according to the enterprise scale, or allowing bank guarantees to replace cash, to both protect employees and not put too much pressure on legitimate businesses.
