HCMC restricts indebted foreign managers from leaving

February 5, 2009
Foreign investors and company directors in Ho Chi Minh City will not be allowed to leave Vietnam when still owing taxes, workers’ salaries or social insurance contributions, the city officials have said.

HCMC People’s Committee has assigned its police and concerned agencies to prevent debtors from going abroad while they were unable to clear debts.

The committee also ordered the city Social Insurance Agency, Labor Federation and Tax Bureau to represent debtors filing for bankruptcy to the city People’s Court.

Vice chairwoman of the committee Nguyen Thi Thu Ha Wednesday asked the Immigration Department and the city police to stop Korean, Lee Tae Hee, from leaving the country because his company still owed 97 workers their December salaries worth more than VND250 million (US$14,300).

Ha ordered the municipal Department of External Relations to cooperate with the Republic of Korea General Consulate to force Lee to pay the money.

Local authorities have sealed off the embroidering machines at his company in District 12 in lieu of payment.

Source: TN, SGGP

Tags: , , , , , ,

This entry was posted on February 5, 2009 at 5:45 pm and is filed under News, Social. You can follow any responses to this entry through the RSS 2.0 feed.

Comments are closed.

Feature

Vietnam, Cuba foreign ministries to bolster ties

By

Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...

Recent Posts

Archives