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04 October 2023

Vietnam city to stop foreign debtors leaving

By Reuters

Vietnam's main business centre, Ho Chi Minh City, will block foreign investors or company directors from leaving the country if their firms owe taxes, workers' salaries or social insurance payments, a newspaper reported on Thursday.

The city government asked the immigration department and police on Wednesday to prevent a Korean businessman from leaving Vietnam because his company still owed some $14,300 in salaries for December to 97 workers, Thanh Nien daily said. It did not name the company but said police had impounded the sewing machines at the firm.