Education

Foreign-invested vocational schools must have capital of $4.3 billion

According to the governmental decree No.15/2019, foreign-invested vocational colleges must have investment capital of VND100 billion ($4.3 billion) excluding land values.

 

Foreign-invested vocational schools must have capital of $4.3 billion

The Vietnamese government has issued the decree stipulating some criteria for establishment of an educational facilities invested by foreign investors.
As per the decree, the minimum capital for setting up a vocational center, a secondary school and a college are VND5 billion ($215,271), VND50 billion and VND100 billion respectively.
The government decree will take effect from March 20, 2019.
Another criterion for establishing a foreign-invested educational institution is land property; for instance, land for building a vocational center, a secondary school and a college are 1,000 square meter, 10,000 square meter and 20,000 square meter respectively in urban district while it is for a college in urban districts.
Moreover, land for building a secondary school and a college in outlying district are 20,000 square meter and 40,000 square meter respectively.

By LAM NGUYEN - Translated by ANH QUAN

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