Pursuant to the Decree, application requirements for establishment of foreign-invested vocational colleges in Vietnam are specified in Article 9 in the Decree, including the specific regulations as follows:
- Put forward proposals for establishment in line with the planning scheme for development of the Vietnamese network of vocational education institutions;
- Have already been granted investment registration certificates (in case where regulatory procedures for grant of such certificates are required);
- Keep sites available for construction of facilities provided that each site intended for construction of urban zones and non-urban zones needs to cover the minimum area of 20,000 m2 and 40,000 m2, respectively;
- Total investment funded by legitimate capital must be at least 100 billion dong (exclusive of value of real property);
- Have recommended organization structures; facilities and equipment; curriculum and syllabus; staff of teachers and administrators meeting requirements for registration of vocational education in accordance with regulations in force; so on.
The Decree No. 15/2019/ND-CP will take effect on March 20, 2019.
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