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Private schools to benefit from tax and credit policies

Update: January, 29/2022 - 08:05
Marie Curie Secondary School, a private education institution in Hà Nội. — Photo baochinhphu.vn

HÀ NỘI — A new circular issued by the Ministry of Education and Training confirms that private schools will benefit from tax, credits and other preferential policies. 

The circular applies to private schools that are leasing or operating on allocated State-owned land, and are financially supported in executing tasks assigned by the Government.

The document takes effect starting February 14, 2022. 

Circular No. 40/2021/TT-BGDĐT states that private secondary schools are general education institutions in the national education system, which receive funding from private investors and are granted permission to operate by the authorities.

The operational expenses and facility investments of these schools are therefore not sourced from the State budget. These education institutions also have their own legal representatives, bank accounts and seals.

Private schools’ organisational structure includes the school council; control board; principal and vice-principal; recognition and reward council; disciplinary council, advisory council; labour union; committees of the Communist Party, Hồ Chí Minh Communist Youth Union and Young Pioneers Organisation; as well as other departments necessary to the school’s operations. 

Duties and powers are the same for private and public schools, as per Việt Nam’s general education regulations.

The curriculum, professional requirements for teachers, standards and benefits for students also follow the law. 

It should be noted that at junior and senior levels, private secondary schools can extend academic time at no more than four weeks per year, in comparison to public schools. No extra tuition fee will be charged for this additional period. — VNS

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