Education accreditation organizations in Vietnam may collect the fee for program and school accreditation

Specifically, according to Article 16 of the Regulations on conditions for the foundation and dissolution, missions and rights of the education accreditation organization promulgated together with Circular No. 61/2012/TT-BGDĐT of the Ministry of Education and Training of Vietnam, education accreditation organizations may collect the fee for program and school accreditation in accordance with regulations of the Ministry of Finance on state budget revenue and the compulsory framework of fee for education accreditation of educational facilities and programs. In terms of non-compulsory revenue from the operation of education accreditation (e.g. service activity), education accreditation organizations may decide the service fee depending on the job content and contract with the educational facility.

After reasonably meeting all expenditure, education accreditation organizations shall take responsibility to fulfill the tax duty to the State in accordance with the law each year; in terms of the difference between the revenue and expenditure (if any), state-owned education accreditations organizations is entitled to establish a fund as regulated by laws applied to public service provider.

Besides, the education accreditation organization shall adopt the financial policy in compliance with regulations of the competent authority. The education accreditation organization shall make the finance publicly available and audit in accordance with the law.

View more provisions at Circular No. 61/2012/TT-BGDĐT of the Ministry of Education and Training of Vietnam, effective from February 15, 2013.

Le Vy

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