HÀ NỘI — The Government has issued a decree revising and supplementing regulations on the conditions required for the establishment of branches of foreign-invested vocational education institutions in Việt Nam.
Under Decree No. 24/2022/ND-CP, in order to launch a branch in Việt Nam, a foreign-invested vocational education centre must obtain land of at least 0.1 hectares, while an intermediate school must have an area of one hectare inside urban areas, or two hectares outside cities, and a college must have an area of two hectares in urban areas or four hectares outside urban areas.
Meanwhile, the investor must hold investment capital of at least VNĐ5 billion (US$218,450), excluding the land value, for a vocational education centre, VNĐ50 billion ($2.18 million) for a vocational intermediate school, and VNĐ100 billion ($4.36 million) for a vocational college.
The location of the new branch must be different from the place where the foreign-invested vocational education institution’s headquarters is based.
Requests for registration should be submitted online or by mail or directly at the General Directorate of Vocational Training (for colleges) and the Department of Labour, Invalids and Social Affairs (for intermediate schools).
The Ministry of Labour, Invalids and Social Affairs as well as provincial-level People’s Committees will make public the decision to allow the establishment of branches of foreign-invested intermediate schools and colleges on their online portals. — VNS