Vietnam: Conditions for recognition of a foreign-invested non­-profit higher education institution

A foreign-invested higher education institution is regarded as a non-profit one when it fully meets the conditions specified in Decree No. 141/2013/NĐ-CP of Vietnam’s Government, specifically as follows:

- The institution commits with the Ministry of Education and Training and the provincial-level People’s Committee of the locality where it is headquartered that it operates for non-profit purposes;

- The difference between the institution’s revenues from and expenses for annual training and scientific research activities is not remitted abroad but used to expand investment or improve physical foundations; develop the contingent of lecturers and scientific researchers; train administrators; serve scientific research activities; or grant scholarships to students; or used for other purposes serving community interests.

Grounds for assessing the private or foreign-invested higher education institutions in the observance of the commitments on non-profit operations are their annual financial statements and periodical audit reports.

Note: Private and foreign-invested higher education institutions that have committed to operate for non-profit purposes but fail to comply or properly comply with the above regulations shall be deprived the right to enjoy priority policies applicable to private and foreign-invested non-profit higher education institutions; and shall refund all financial supports received from the State and retrospectively pay taxes applied to private and foreign-invested higher education institutions which operate for profit purpose.

View details at Decree No. 141/2013/NĐ-CP of Vietnam’s Government, effective from December 10, 2013.

Thu Ba

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