Vietnam: New Requirements for Foreign-Invested Vocational Institutions

The government has issued Decree 15/2019/ND-CP (“Decree 15”) introducing new requirements for foreign investors in the vocational education sector. The new conditions include establishment size, investment capital, training curriculum, and opening representative offices (ROs) or branches. Decree 15 will be in effect from March 20, 2019.

Amongst other factors, Decree 15 will affect the following: 

  • Establishment size;
  • Invested capital;
  • Curriculum requirements;

This is an exerpt from an article appearing in Vietnam Briefing, a subsidiary of Dezan Shira & Associates. For the latest economic, regulatory and business news from Vietnam, visit vietnam-briefing.com.