Mar 24, 2018 / 10:01
Vietnam vows favourable conditions for the South Korean investors
Vietnam will create favourable conditions for enterprises from the South Korea to invest in Vietnam, Minister of Labour, War Invalids and Social Affairs Dao Ngoc Dung told Kyung Shik Sohn, Chairman of the Korea Employers Federation, in Hanoi on March 23.

![]() Vietnam vows favourable conditions for the South Korean investors
|
According to the minister, Vietnam is improving its legal system and revising several laws, including the law on foreign employees working in Vietnam. The Vietnamese Government and the Ministry of Labour, War Invalids and Social Affairs (MoLISA) will focus on increasing negotiations between employers and workers to minimise State involvement in business operations.
The MoLISA will coordinate with the South Korean Ministry of Employment and Labour to sign agreements on social insurance and social protection towards providing better care for workers, Dung added.
For his part, Kyung affirmed that South Korean enterprises want to operate in a transparent manner, in accordance with the regulations of Vietnam and in the spirit of ensuring mutual benefits.
He pledged to make sure that South Korean employers will ensure fair treatment between Vietnamese and Korean employees to achieve the highest efficiency in business operations.
Other News
- Vietnam offers 50% subsidy for initial investment costs in AI and semiconductors
- North-South high-speed railway to open up new economic opportunities
- Prime Minister calls on China to pilot border economic cooperation zone
- State-owned corporations set to pilot offshore wind power projects
- AIIB ready to fund Hanoi’s urban railway projects
- S.Korea’s industrial conglomerates to expand investment activities in Vietnam
- Intel boosts Vietnam’s semiconductor workforce for ambitious goals
- Vietnam among top investment destinations for SEA investors
- Vietnam looks to support FDI firms as global minimum tax looms
- Factors unlocking Vietnam’s potential in FDI attraction: HSBC
Trending
-
Changes in Vietnam’s government apparatus seen through legislative efforts
-
Vietnam news in brief - February 23
-
AI in education: teachers must be key
-
Vietnam heritage painting contest launched
-
Vietnam scales back plan to boost offshore wind
-
Indochina fine arts heritage in the heart of Hanoi
-
Keeping the spirit of Vietnamese folk paintings alive
-
Hanoi's traditional craft villages join the world stage
-
Hanoi tackles traffic violations with 600 cameras