The Vietnamese government has issued the decree stipulating some criteria for establishment of an educational facilities invested by foreign investors.
As per the decree, the minimum capital for setting up a vocational center, a secondary school and a college are VND5 billion ($215,271), VND50 billion and VND100 billion respectively.
The government decree will take effect from March 20, 2019.
Another criterion for establishing a foreign-invested educational institution is land property; for instance, land for building a vocational center, a secondary school and a college are 1,000 square meter, 10,000 square meter and 20,000 square meter respectively in urban district while it is for a college in urban districts.
Moreover, land for building a secondary school and a college in outlying district are 20,000 square meter and 40,000 square meter respectively.