What are regulations on financial assistance for hiring of domestic and international experts helping in providing innovative startup training courses in Vietnam?
Hello Lawnet. I'm learning regulations about support the innovative startup ecosystem. I have a question. What are regulations on financial assistance for hiring of domestic and international experts helping in providing innovative startup training courses in Vietnam? Thank you!
Pursuant to Clause 2 Article 6 of the Circular 45/2019/TT-BTC (takes effect from 05/9/2019) stipulating regulations on financial assistance for hiring of domestic and international experts helping in providing innovative startup training courses in Vietnam as follows:
Financial assistance for hiring of domestic and international experts helping in providing innovative startup training courses and courses in training of startup coaches and investors at certain educational institutions, incubators and business accelerators:
a) Requirements concerning expert’s qualification and competence shall be subject to regulations enforced by the Ministry of Science and Technology.
b) As regards domestic experts, entities assigned to design and provide training programs shall, based on expert hiring requirements, carry out negotiation over amounts of spending on hiring of experts, give clear interpretation of results of such hiring and criteria for assessment of expert hiring results in order to propose the number of experts and amounts of subsidies on costs incurred from hiring experts working under lump-sum contracts to seek competent authorities’ consent. The amount of subsidy on hiring of an expert shall not exceed 15,000,000 dong/expert/course.
If it is necessary to organize intensive and long-term (at least 30 days’) training courses, the amount of spending on hiring of experts shall not exceed 40,000,000 dong/expert/training course.
b) As regards foreign experts, entities assigned to design and provide training programs shall, based on expert hiring requirements, carry out negotiation over amounts of spending on hiring of experts, give clear interpretation of results of such hiring and criteria for assessment of expert hiring results in order to propose the number of experts and amounts of subsidies on costs incurred from hiring experts working under lump-sum contracts to seek competent authorities’ approval.
The amount of remuneration paid to a foreign expert shall be decided by the Head of a competent regulatory authority after reaching an agreement with that expert under terms and conditions of a contract to the extent that such amount falls within the approved budget estimate. Total budgeted expense for hiring of foreign experts shall be restricted to 50% of total estimated expenditure on carrying out expert hiring duties.
Above are regulations on financial assistance for hiring of domestic and international experts helping in providing innovative startup training courses in Vietnam.
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