Viet Nam, South Korea extends MoU on labor cooperation
VGP - Viet Nam and South Korea have signed an agreement for the extension of the Memorandum of Understanding on the sending of workers to South Korea under the Employment Permit System (EPS) program
Minister of Labor, War Invalids and Social Affairs Dao Ngoc Dung and South Korean Minister of Employment and Labor Lee Jung-sik signed the document in Ha Noi on June 23.
The new MoU is similar to previously signed MoUs, with provisions highlighting the responsibility of relevant units of both countries in implementing the EPS Program.
The MoU will be valid for two years from the signing date and will remain in effect during the negotiation of new extension.
Labor co-operation between Viet Nam and the RoK officially started in 1993 through a collaboration program focusing on labor supply. The RoK has become one of the key markets, attracting plenty Vietnamese migrant workers who come to work in the Northeast Asian country.
As of June 1, as many as 48,950 Vietnamese guest workers have been working in the RoK market with an average income ranging between US$1,500 and US$2,000 per month.
Viet Nam sent more than 5,423 workers to the RoK in the first half of the year, and it aims to dispatch 10,000 migrant workers to the market under the EPS Program this year.
Currently, there are over 33,500 Vietnamese guest workers working in the RoK under the EPS Program./.