VND 500,000,000 IS THE MINIMUM DEPOSIT FOR OVERSEAS STUDY CONSULTATION AGENCIES
On March 15, 2013, the Prime Minister issued the Decision No. 05/2013/QD-TTg on stipulating the overseas study of Vietnamese citizens.
Under this Decision, the Prime Minister requested that organization of overseas study consultation services is granted the Certificate of overseas study consultation services operation registration upon meeting the following conditions: being established in accordance with regulation of law; Having sufficient financial capacity to ensure the settlement of the cases of risk; having minimum deposit of VND 500,000,000 in a commercial bank; The head of the organization of overseas study consultation services and the staff directly giving advice on overseas study must have a university degree or higher, fluent in at least one foreign language and the certificate of oversea study consultation profession training granted by the Ministry of education and Training.
Besides, the organization of overseas study consultation services shall be suspended from operation if it stops operation for 06 consecutive months after being allowed for operation without notifying the agency which has granted the operation registration Certificate. It will be evocated Certificate of overseas study consultation services operation registration if within 05 years from the date of issuance of the Certificate of overseas study consultation services operation, the organization overseas study services is suspended from operation for the third time…
Besides, the Prime Minister also requested, before 15th date of January annually, organizations shall send reports on enrolling and sending Vietnamese citizens abroad to study to the Ministry of Education and Training; organizations of overseas study services shall send activity reports to the Service of Education and Training for monitoring, management and summary of information to make a report to the Prime Minister.
This Decision takes effect from March 10, 2013.