Total investment capital for Vietnam\'s human resource development is estimated at VND2,135 trillion (USD102.6 billion) for the 2011-2020 period, according to a draft plan of the Ministry of Planning and Investment.
Of that number, VND800 trillion ($38.4 billion) will be used for the 2011-2015 period and VND1,335 trillion ($64.2 billion) is for the 2015-2020 period.
The capital is mainly based on the State budget, and it will be mobilised from domestic businesses, organisations and foreign capital sources.
Under the plan, the State will issue policies to encourage enterprises of all economic sectors to increase investment capital in training human resources in accordance with their demands.
The State will also encourage economic corporations and large companies to build their own training facilities or participate jointly with vocational training schools to develop human resources.
For human resource training facility projects in economic zones, industrial parks and processing zones, the Government will offer businesses educational preferential policies but also investment preferential policies.
The Ministry of Industry and Trade will propose that the Government consider corporate income tax exemptions within nine years for projects on education and training facilities construction.
