RoK shipbuilding companies look to Vietnam for workers
Hanwha Ocean and HD Hyundai, two out of the “Big Three” shipbuilders of the Republic of Korea (RoK), are looking to Vietnam to secure workers amid the Korean industry's lingering workforce shortage, according to industry officials.
Seoul (VNA) - Hanwha Ocean and HD Hyundai, two out of the “Big Three”shipbuilders of the Republic of Korea (RoK), are looking to Vietnam to secure workersamid the Korean industry's lingering workforce shortage, according to industryofficials.
On July 22, Hanwha Ocean signed a memorandum ofunderstanding (MOU) with Vietnam's Ministry of Industry and Trade in Hanoi fortheir comprehensive cooperation in training and hiring Vietnamese shipbuilding workers.
This came a month after Hanwha Group Vice Chairman KimDong-kwan joined a business delegation accompanying President Yoon Suk Yeol onhis State visit to Vietnam.
The latest MOU is intended to satisfy the country’s demandfor workers by supporting programmes to strengthen the capabilities ofvocational training institutions under the Vietnamese ministry, a Hanwha Oceanofficial said.
Meanwhile, HD Hyundai President Chung Ki-sun also inspectedHyundai Vietnam Shipbuilding's shipyard in Khanh Hoa last month, during hisvisit to the Southeast Asian country as a member of the businessdelegation accompanying the President.
Since the establishment of Hyundai Vietnam Shipbuilding in1996, Vietnam has grown into a country winning the fifth-most shipbuildingorders in the world. It is also known to have the largest number of skilled andexperienced shipbuilding workers among Southeast Asian nations.
Korean shipbuilders have therefore preferred hiringVietnamese workers.
Data compiled by the RoK Ministry of Justice earlier thisyear also showed that Vietnamese nationals accounted for 55.1% of 1,595foreigners who received E-7 (Particular Occupation) visas between January 2022and January 2023 for specific activities related to shipbuilding./.
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Hyundai Vietnam Shipbuilding (Photo: VNA) 
