Vietnamese Workers in South Korea Only Pay Social Insurance in One Country
Vietnam and the Republic of Korea (RoK) have signed an administrative deal on the implementation of a bilateral agreement on social insurance, VNA reported Friday . The deal was inked by Vietnamese Deputy Minister of Labor, Invalids and Social Affairs (MOLISA) Nguyen Ba Hoan and Deputy Minister for Planning and Coordination of the RoK’s Ministry of Health and Welfare (MOHW) Kim Hyejin in Sejong city on December 8. At the signing. Photo: MOLISA Over the past years, the number of Vietnamese citizens working in the RoK has accounted for the majority of Vietnamese guest workers. Together with the expansion of bilateral trade and investment, the number of RoK nationals coming to work in Vietnam has also been on the rise. Before the above agreement takes effect, according to regulations, Vietnamese workers working in the RoK would have to pay compulsory social insurance in both countries, and vice versa with Korean workers working in Vietnam. Although paying social insurance...