New regulation regarding foreign investment in education field
On Jun 06th2018, Government issued the Decree No 86/2018/NĐ-CP regulating the co-operation and foreign investment in education field that replaces the Decree No 73/2012/NĐ-CP. This Decree has some new highlights as follows:
Approval procedures for establishment of foreign-owned training or short-term training center shall be curtailed as follows:
a / Granting the investment registration certificates;
b/ Issuance of permission for educational activities and giving notification on websites of authorized agencies;
Foreign-invested preschool is no longer restricted to implement the education program according to foreign program for children who are foreigners.
This Decree takes effect from August 1st,2018
