National Pension Service

Dec 2015 : Held the first negotiation meeting of the Agreement
Apr 2017 : Held the second and third(in June) negotiation meetings of the Agreement
Mar 2018 : Held the fourth negotiation meeting for the Agreement
Dec 2021 : Signed the Agreement
Sep 2023 : Held the implementation meeting of the Administrative Arrangement of the Agreement
Dec 2023 : Signed the Administrative Arrangement of the Agreement
Jan 2024 : Entry into force of the Agreement

In relation to Korea, National Pension Act
In relation to Vietnam, the law on Social Insurance related to old age benefits and survivor benefits

This Agreement shall apply to any person who is or who has been subject to the legislation of either Contracting Party, and to the dependents and survivors of such a person within the meaning of the applicable legislation of either Contracting Party.
※ For more information, you may refer to the section Agreement

① In general, an employed person who works in the territory of one Contracting Party shall, with respect to that work, be subject only to the legislation of that Contracting Party.
② A detached worker is exempt from being subject to the legislation of the Party which he/she is sent to for no more than 5 years(3 year-extension is available) if he/she is covered under the legislation of his/her home country.
③ A Korean national recruited locally in Vietnam who pay Korean National pension is exempt from Vietnamese legislation for 5 years.
④ A Vietnamese national recruited locally in Korea is subject to the legislation of Korea.

[ Applicable Legislation under the Agreement ]

Applicable Legislation under the Agreement
Type	Work Status	Coverage
Employee	In case working in Vietnam:
	- Those who are employed in Vietnam	Vietnam
	- Those who are employed in Korea but are dispatched to Vietnam for work for no more than 5 years(3 year-extension is available)	Korea
	- Those who are employed in Korea but are dispatched to Vietnam for work for more than 8 years(5 years + 3 years)	Vietnam
	In case working in Korea:
	- Those who are employed in Korea	Korea
	- Those who are employed in Vietnam but are dispatched to Korea for work for no more than 5 years(3 year-extension is available)	Vietnam
	- Those who are employed in Vietnam but are dispatched to Korea for work for more than 8 years(5 years + 3 years)	Korea
	In case being locally hired:
	- Vietnamese national who is employed by an employer with a place of business in Korea and works for that employer in Korea	Korea
	- Korea national who is employed by an employer with a place of business in Vietnam and works for that employer in Vietnam for no more than 5 years	Korea
	- Korea national who is employed by an employer with a place of business in Vietnam and works for that employer in Vietnam for more than 5 years	Vietnam

※ The Vietnam Social Insurance Act is not compulsory for self-employed persons, so it is not stipulated in the Agreement.

Pension benefits under the totalization of the periods of coverage* of both countries and the Korean lump-sum refunds which are granted to Vietnamese nationals will be applicable after Vietnam has prepared domestic law for totalizing the periods of coverage. (However, the payment of lump-sum refund in accordance with the residency status will be payable regardless of the Agreement.)
*Even though your periods of coverage in one country are not sufficient to qualify for pension benefits, you may be eligible for benefits after this Agreement has entered into force, thanks to the totalization of coverage periods in both countries.

※ For more information, you may refer to the section Agreement

Agencies of this Agreement
Korea	Vietnam
(1) National Pension Service (NPS)	(1) Viet Nam Social Security(VSS) → vss.gov.vn

global navigation bar