The 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.

This is Vietnam’s first bilateral agreement on social insurance.

It aims to avoid double social insurance contributions being paid by Vietnamese and RoK citizens working in the other country.

The number of Vietnamese citizens working in the RoK accounts for the majority of Vietnamese guest workers, according to the Ministry of Labor, Invalids and Social Affairs.

Meanwhile, the number of RoK nationals coming to work in Vietnam has also been on the rise thanks to the expansion of bilateral trade and investment.