Formula for Determining the Price of Educational and Training Services from October 15, 2019 in Vietnam

Le Hai

04:03, 10/07/2024

Below is noteworthy content stipulated in Circular 14/2019/TT-BGDDT guiding the formulation, appraisal, and promulgation of economic-technical norms and methods to set prices for educational and training services applied in the field of education and training in Vietnam.

The prices for educational and training services in Vietnam is determined by the following formula:

Prices for educational and training services = Labor Cost + Material Cost + Management Cost + Depreciation/Amortization of Fixed Assets + Other Costs and Funds.

In which:

- Labor Cost = Labor Norm x Wage Unit Price or Labor Cost;

- Material Cost: Cost for teaching, learning, practice, experiments, scientific research activities and service provision activities;

- Management Cost: Cost for the management departments at the educational and training services facility;

- Depreciation/Amortization of Fixed Assets: Depreciation or amortization cost for buildings, architectural works, machinery, equipment, and other fixed assets used in educational and training service provision activities;

- Other Costs include business license tax, land rent, and other fees and charges.

For more details, see Circular 14/2019/TT-BGDDT, effective from October 15, 2019.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn