Conditions for foreign-invested vocational training institutions announced
VGP – The Government has issued Decree 15/2019/ND-CP on conditions for setting up foreign-invested vocational training institutions in Viet Nam.
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(1) The project would need to be in line with the national planning of vocational training network in the country;
(2) It must get an investment registration license (in accordance with the law on investment);
(3) The project needs to obtain at least 1,000 sq.m of land for a basic vocational training centre; 10,000 sq.m. for a secondary-level vocational training school in urban areas or 20,000 sq.m. if the school is located in the suburbs or rural areas; 20,000 sq.m for college-level vocational training schools in urban areas, or 40,000 sq.m. outside urban areas;
(4) The investor would also need to have at least VND 5 billion (US$ 216,000) in investment capital to open a vocational training centre, and VND 50 billion and VND 100 billion to open a secondary vocational training school and vocational college, respectively;
(5) The planned training curricula needs to meet the requirements of Item 1, Article 34 of the Law on Vocational Training, and does not contain content that might threaten national defense and security or public interests, propagate religious ideologies or present distorted views of the history and cause negative influences on Vietnamese morals, culture and customs.
(6) The Decree also regulates the conditions for the establishment of a branch or another campus of a foreign-invested secondary vocational school and college, which include a detailed project to establish said branch, with statements clarifying the necessity for such establishment; the name and scope of operation of the branch; a development plan, the planned vocational fields and subjects.
The investors who wish to establish another branch of vocational training institution would need to present a contract or agreement on the lease of infrastructure and facilities for minimum five years, with its investment capital reaching at least 25% of the capital required to establish full-fledged vocational training institutions of corresponding levels mentioned above./.
By Khanh Phuong
