On 29th August, the signing ceremony of the Memorandum of Understanding in the field of labor and employment between the Vietnam’s Ministry of Labor - War Invalids and Social Affairs and the Republic of Korea (RoK)’s Ministry of Employment and Labor (MOEL) was held.

Deputy Minister of Labor, Invalids and Social Affairs of Vietnam Le Tan Dung and Deputy Minister of Employment and Labor of Republic of Korea Im Sep Jeong signed the Memorandum of Cooperation.

Memorandum of Understanding in the field of labor and employment will form the basis of cooperation between the two sides in the fields of human resource development, labor and labor market, occupational safety and hygiene, labor inspection and public relations, etc.

Speaking at the ceremony, Deputy Minister of Labor, Invalids and Social Affairs Le Tan Dung said that after nearly 30 years of establishing diplomatic relations, Vietnam – Republic of Korea cooperation has made significant progress in the field of politics and business, as well as trade, investment, development aid, tourism and labor. Until now, Korea has become the biggest foreign investor in Vietnam with more than 6,000 projects and jobs opportunities for more than 700,000 workers.

In that development trend, cooperation in the field of labor and employment between the two countries has been increasingly respected by the leaders of the two sides. Since the two ministries signed a Memorandum of Cooperation in 2013, many cooperation programs and projects have been implemented by the Ministry of Labor, War Invalids and Social Affairs in collaboration with the Ministry of Labor and Employment of Republic of Korea.

The two sides have signed a number of bilateral agreements such as the Agreement on the confirmation of Korean workers being experts to work in Vietnam; Agreement on the implementation of the Employment Law and especially the Cooperation Agreement on the practice of the Project of Supporting the Vietnam Employment Services Information Network for a period of 03 years (from 2017-2019) with a capital of approximately US $2.9 million. At the same time, the Ministry of Labor, War Invalids and Social Affairs has also promoted cooperation with many other Korean agencies such as Koreatech University, Korean Safety and Hygiene Agency (KOSHA), Korea International Cooperation Agency (KOICA) ... in the fields of labor relations, labor safety, vocational education and development.