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Vietnam - Korea Signed an Administrative Agreement on Social Insurance

Deputy Ministers of Labor executed an Administrative Agreement to implement the social insurance agreement between Vietnam and Korea.

Published: 2024-01-10
Vietnam - Korea Signed an Administrative Agreement on Social Insurance

Deputy Ministers of Labor executed an Administrative Agreement to implement the bilateral social insurance agreement between Vietnam and Korea. This landmark agreement eliminates double social insurance contributions for Korean expatriates working in Vietnam and Vietnamese workers employed in Korea.

Key provisions include mutual recognition of contribution periods, mechanisms for pension transferability, and streamlined administrative procedures for certificate issuance.

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