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Establishing a short-term training and fostering company in Vietnam offers attractive business opportunities in the context of the increasing need to improve workers’ skills and knowledge. With the rapid development of occupations and skill requirements, short-term training programs have become an effective choice for individuals and businesses. In the following article, Long Phan will provide detailed instructions on the process of establishing a short-term training facility. Please refer!
Short-term training and retraining establishments are educational organizations that provide short-term courses in foreign languages, information technology, skills and professional expertise. These establishments can be established by domestic or foreign organizations in Vietnam. Operations of short-term training and fostering facilities are governed by the Law on Education 2019 and related legal documents.
According to Clause 2, Article 2 of Decree 86/2018/ND-CP, short-term training and refresher training facilities include:
These establishments need to meet the conditions of facilities, training programs, and teaching staff according to regulations. Training time at these facilities is usually short-term, from a few weeks to a few months. The goal is to provide specialized knowledge and skills for learners.
Foreign investors who want to establish short-term training and fostering company in Vietnam need to meet the following conditions:
According to Vietnam’s Schedule of Commitments in the WTO, the field of adult education services (CPC 924) is freely open. Investors from WTO member countries are allowed to contribute 100% capital when establishing a short-term training and fostering company in Vietnam. Decree 86/2018/ND-CP also confirms that foreign investors are not limited in capital contribution ratio in this field.
However, foreign investors must comply with the provisions of Vietnamese law, specifically:
In addition, according to the Law on Investment 2020, foreign investors need to meet the conditions of financial capacity and management experience. The licensing agency will review the feasibility and effectiveness of the investment project before issuing a certificate.
Pursuant to Clause 1, Article 31 of Decree 86/2018/ND-CP, the process of establishing a short-term training and fostering company with foreign investment includes 2 main steps:
Step 1: Issue investment registration certificate
Processing time: 15 working days from the date of receipt of complete and valid documents.
Step 2: Issue a decision to allow educational activities and notify on the licensing agency’s website
Processing time: 20 working days from the date of receipt of complete and valid documents.
After the decision to allow operation, information about the training facility will be posted on the website of the Department of Education and Training.
According to Clause 2, Article 46 of Decree 86/2018/ND-CP to be granted an investment certificate, investors need to prepare documents including the following documents:
To support the process of establishing a short-term training and fostering company in Vietnam, Long Phan provides the following consulting and support services:
Long Phan’s consulting and support services provide investors with a process to establish a short-term training and fostering company in Vietnam quickly, accurately and ensure full compliance with legal regulations. Customers who need detailed and dedicated support, please contact Long Phan via hotline 0906735386. We are always ready to advise and accompany you in every step of development.
Note: The content of the articles published on the website of Long Phan Investment Consulting Company is for reference only regarding the application of legal policies. Depending on the time, subject, and amendments, supplements, and replacements of legal policies and legal documents, the consulting content may no longer be appropriate for the situation you are facing or need legal advice on. In case you need specific and in-depth advice according to each case or incident, please contact us through the methods below. With our enthusiasm and dedication, we believe that Long Phan will be a reliable solution provider for our clients.
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