In accordance with the Law No. 74/2014/QH13 issued by the National Assembly on November 27, 2014, a vocational education institution shall be dissolved when it commits illegal acts causing serious consequences; past the suspension period of its training activities, it fails to solve the problem leading to such suspension; fails to obtain a registration certificate of vocational education activities within 36 months, for colleges and intermediate vocational schools, or 24 months, for vocational education centers, after the decision on its establishment or permitting its establishment takes effect and fails to carry out training activities within 24 months after obtaining a registration certificate of vocational education activities.
Also in accordance with this Law, vocational education institutions are entitled to be allocated or leased land and physical foundations by the State; to enjoy credit incentives for investment in physical foundations or training quality improvement; to enjoy tax incentives in accordance with the tax law; to enjoy tax exemption for undistributed incomes from their socialized vocational education activities which are used for development investment; to enjoy tax exemption and reduction under regulations for profits earned from products and services created through training activities; to enjoy tax incentives for production, business and services relevant to training activities, publication of course books and teaching materials, manufacture and supply of training equipment, and import of training books, newspapers, materials and equipment; to participate in bidding for training activities and receive training orders placed by the State in accordance with the laws on bidding and placement of orders for public services funded with the state budget or to borrow concessional loans from domestic and foreign programs and projects.
The Law also prescribes that Students of intermediate- or collegial-level training courses on disciplines and trades that have enrollment difficulties but are demanded by the society according to the list prescribed by the head of the central state management agency of vocational education; students of particular disciplines and trades to meet socio-economic development, national defense or security requirements. In the course of study, if students cannot continue their study due to the performance of military service, sickness, accidents, maternity or difficulties met by their families, they are entitled to reserve their learning results and resume their study to complete the training courses. The time for reserving learning results must not exceed five years.
This Law takes effect on July 1, 2015 and replaces the Law No. 76/2006/QH11 on Vocational Training.
Source : luatvietnam.vn
