Decree 73/2012/ND-CP of the Government on cooperation, investment of foreign countries in education sector
The Decree clearly stated that Vietnamese children of less than 5-year-old will not be accepted in foreign education program in Vietnam.
In addition, the Decree also points out five types of educational institutions invested by foreign investor that can be established Vietnam being: i) training institution, ii) short-term training institution, iii) preschool educational institutions (kindergarten, daycare) with foreign educational programs for children who are foreigners; educational institutions (primary school, secondary school, high school, high school with many levels) with foreign educational programs; iv) foreign diploma for students who are foreigners and Vietnamese students that have demand; v) professional institution; higher education institution.
Moreover, the investment projects establishing preschool educational institution, educational institution, training institution, short-term training institution and investment projects setting up vocational training centers in turn must have the capacity to invest of at least 30 million VND / preschool student; 50 million VND / pupil; 20 million VND / student and 60 million VND / student (not including the land use cost).
In the cases where the institutions with foreign capital do not build new facilities, and they lease capital or such being contributed by Vietnamese party that have available facilities for implementation activities, the level of investment must be at least 70% of the above the required levels.
Decree takes effect from November 15th 2012.
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