Vietnamese Minister of Labour, Invalids and Social Affairs Đào Ngọc Dung (front, left) and the RoK's Minister of Health and Welfare Kwon Deok-cheol sign the bilateral agreement on social insurance on December 14, 2021. – VNA/VNS Photo

HÀ NỘI – The Vietnamese Government has issued a resolution approving an agreement on social insurance signed with the Government of the Republic of Korea (RoK) on December 14, 2021.

The number of Vietnamese citizens working in the RoK has accounted for the majority of Vietnamese working anywhere abroad. Together with the expansion of bilateral trade and investment, the number of RoK nationals coming to work in Việt Nam has also been on the rise.

The bilateral agreement on social insurance, comprising five parts with 24 articles, is an urgent to create favourable conditions for the flow of workers and protect their rights and interests related to social insurance of workers from both countries.

It aims to avoid double social insurance contributions paid by Vietnamese and RoK citizens working in each other’s countries.

The Ministry of Foreign Affairs is tasked with handling procedures related to the agreement.

Meanwhile, the Ministry of Labour, Invalids and Social Affairs is in charge of chairing and coordinating with relevant ministries and agencies to sign an administrative deal under Article 13 of the agreement and organising the agreement implementation after the Government’s approval. — VNS