What are the incentives for vocational education and training institutions in Vietnam?

What are the incentives for vocational education and training institutions in Vietnam?

Under Article 26 of the Law on vocational education and training 2014, vocational education and training institutions are entitled to the following incentives:

- Acquire land through land allocation or lease by the State;

- Receive incentives for credit to invest in facilities and improve the training quality; tax incentives in accordance with regulations of law on taxation; tax exemption from the undivided income in the vocational education and training to invest in development; tax exemption and reduction as prescribed in regulations on profits earned from products or services of the training activities; tax incentives applied to the production, business or services conformable with the training activities, publishing of teaching materials, production and provision of training equipment, import of books, newspaper, materials and training equipment;

- Participate in tender, receive the training order of the State as prescribed in law on tender, orders for public services using government budget.

- Apply for capital incentives from domestic and foreign programs or projects;

- Participate in programs for training of domestic and foreign vocational educators or administrative officials using the funding from the government budget;

- Support the investment to ensure the requirements in order to accept upper-secondary ethnic boarding school graduates to apprentice;

- Support development in training of disciplines meeting study demands of the workers working abroad;

- Incentive policies on private sector involvement as prescribed.

What are the incentives for vocational education and training institutions in Vietnam? (Image from Internet)

What are the types of vocational education and training institutions in Vietnam?

According to Article 5 of the Law on vocational education and training 2014, vocational education and training institutions are specified as follows:

vocational education and training institutions

1. vocational education and training institutions include:

a) vocational education and training centers;

b) Vocational training schools;

c) Colleges.

2. vocational education and training institutions shall be organized under following types:

a) Public vocational education and training institution is a State-owned vocational education and training institution, whose facilities invested and constructed by the State;

b) Private vocational education and training institution is a vocational education and training institution under ownership of a social organization, a socio-professional organization, a private economic organization or individual, or a vocational education and training institution invested and constructed by a social organization, a socio-professional organization, a private economic organization, or an individual;

c) Foreign-invested vocational education and training institution includes wholly foreign-invested vocational education and training institution; joint-venture vocational education and training institution between domestic investors and foreign investors.

Thus, vocational education and training institutions are organized into the following types:

- Public vocational education and training institution is a State-owned vocational education and training institution, whose facilities invested and constructed by the State;

- Private vocational education and training institution is a vocational education and training institution under ownership of a social organization, a socio-professional organization, a private economic organization or individual, or a vocational education and training institution invested and constructed by a social organization, a socio-professional organization, a private economic organization, or an individual;

- Foreign-invested vocational education and training institution includes wholly foreign-invested vocational education and training institution; joint-venture vocational education and training institution between domestic investors and foreign investors.

What are the general objectives of vocational education and training in Vietnam?

Under Clause 1, Article 4 of the Law on vocational education and training 2014, the general objectives of vocational education and training are: provide training for personnel directly involved in production, businesses or services, who acquire proficiency equivalent to their training standards, possess professional ethics and good health, gain creative ability, adapt to the environment in the context of international integration; improve their productivity and quality; and enable students to find jobs, self employ or enter higher education.