Vocational training services (CPC 9223, 9231)

Vocational training services (CPC 9223, 9231)

Legal basis:

– WTO, FTAs, AANZFTA.

– Law No. 76/2006/QH11 dated 29 Nov 2006.

– Decree No. 48/2015/NĐ-CP dated 15 May 2015.

Investment conditions:

1. WTO, FTAs:

a) Commitments in the following areas only: technical, natural sciences and technology, business administration and business studies, economics, accounting, international law and foreign language training fields.

b) Scope: adult education, and other education services including foreign language training.

c) The education content must be approved by competent state agency.

2. AANZFTA

a) Commitments in the following areas only: agriculture, architecture, shipbuilding (building), corporate governance, management, computer science, construction, information systems, dentistry service, economics, pedagogy, engineering, environmental, surveying, community Services, land and marine resources, breeding, language studies, law, legal research, life sciences, manufacturing, mathematics, science health, medical , multi-disciplinary education, nursing, pharmacy, physical science, science, service, cuisine and tourism, transport, veterinary sciences, performing arts.

b) Scope: adult education, and other education services including foreign language training.

c) The education content must be approved by competent state agency.

3. The law of Vietnam

a) The rate of investment:

– The projects of investment in establishing vocational training centers must reach at least 60 million VND per student ( not including the expense on land tenancy).

– The projects of investment in establishing vocational education institutions (except for vocational training centers) must reach at least 100 million VND per student ( not including the expense on land tenancy). The total minimum capital is calculated when the estimated education scale is greatest, but must not be lower than 100 billion VND.

– For foreign-capitalized educational institutions of which the facilities are leased or contributed by the Vietnamese party, investment must reach at least 70% of the investment.

b) Facilities:

– A foreign-invested educational institution that applies for 20 years of operation or more in Vietnam must have a plan on building their facilities, and the land transfer or lease must be approved by a provincial People’s Committee. If the institution registers for operation for within 05 years in Vietnam, it is required an agreement on rules for renting facilities stably in order to provide training programs and ensure the investment in facility construction under rate of progress of the project.

– A foreign-invested institution registering for operation for under 20 years in Vietnam is not required to construct its own facilities, but it is required to have an agreement on renting appropriate and stable schools, classrooms, workshops, auxiliary areas for at least 05 years.