For foreign-invested vocational college, the required capital is a minimum of VND100 million (USD4,651) per trainee. (Photo: VNA)
In order to receive an operating licence, a foreign-invested vocational facility must have an average investment capital of at least VND60 million (USD2,791) per trainee excluding land-related costs.
For foreign-invested vocational college, the required capital is a minimum of VND100 million (USD4,651) per trainee, and the total investment should not be less than 100 billion VND (USD465,100).
In the case the training establishment rent facilities or use the available facilities of the Vietnamese partner, the investment capital should be at least 70 percent of the above requirements.
If the establishment register to operate for 20 years and more, it must seek approval from the local provincial People’s Committee for land use or rent permission to build its own infrastructure, otherwise a five-year-term contract of facilities rent is required.
The maximum operation duration of foreign-invested vocational training establishments is 50 years; the term could be extended to 70 years for those operating in areas with underdeveloped socio-economic conditions.
