Minimum benefit rate is VND 20 million for each independent preschool institution in Vietnam

Specifically, according to Article 5 of Decree No. 105/2020/NĐ-CP of Vietnam’s Government, benefits offered to people-founded or private independent preschool institutions located near an industrial park or in area with large number of workers are prescribed as follows:

- Entities eligible for the benefits are people-founded or private independent preschool institutions which are located near an industrial park granted the establishment license by the competent authority in accordance with regulations of law and at least 30% of the students of which are children of workers of the industrial park are eligible for the benefits.

- These entities may receive facilities necessary for their operation once, including household items, toys and teaching equipment included in the list provided for by the Ministry of Education and Training, and funding for repair of facilities used to provide care and education for their students. Minimum benefit rate is VND 20 (twenty) million for each independent preschool institution.

- Implementing method: Pursuant to regulations of Clause 2 herein and depending on capacity of local government budget and number of eligible independent preschool institutions in each province, the provincial People's Committee shall formulate and propose a benefits provision plan and plan for inspection of benefit provision and use of funding by receiving independent preschool institutions to the People's Council of the province for approval and implementation, and ensure that the preschool institutions receive the benefits before June 30 of each year.

View more details at Decree No. 105/2020/NĐ-CP of Vietnam’s Government, effective from November 11, 2020.

Le Vy

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