Vietnam: 03 funds for supporting the human resource development in SMEs

14:01, 11/08/2019

This is a notable content mentioned in Circular No. 49/2019/TT-BTC providing guidance on the management and use of State budget for supporting the human resource development of small and medium-sized enterprises (SMEs), issued by the Minister of Finance of Vietnam.

Download Circular No. 49/2019/TT-BTC

According to Article 3 of Circular No. 49/2019/TT-BTC of the Ministry of Finance of Vietnam, the fund for supporting the human resource development in SMEs consists of the State budget (central and local budgets), contribution and support of enterprises, organizations, individuals and other lawful funding sources. To be specific:

nguon kinh phi ho tro phat trien nguon nhan luc cho DN nho va vua Thong tu 49/2019/TT-BTC

First: The State budget:

- As for the Central budget: The funding for supporting human resource development comes from the annual budget estimate of ministries, ministerial-level agencies. Such funding from the State budget is also sponsored for associations with national or inter-provincial scope.

- As for the local budget: The funding for supporting the human resource development of local SMEs comes from the provincial annual budget estimate.

Second: SMEs and individuals participating in training contribute parts of the training fee.

Third: Agencies and units are allowed to mobilize other financial sources (outside the state budget) from domestic and international enterprises, organizations, and individuals, as well as international organizations, in accordance with the law, to fulfill the task of supporting the development of human resources for SMEs.

View more details at Circular No. 49/2019/TT-BTC of the Ministry of Finance of Vietnam, effective from September 23, 2019.

Thu Ba

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