2,135 trillion VND needed to develop human resources

DNUM_BCZAGZCABB 17:48

Total investment capital for human resource development in Vietnam in the 2011-2020 period is about 2,135 trillion VND, accounting for 12% of total social investment capital.

Illustrative photo. (Source: VNA)

According to the Fifth Draft of the Vietnam Human Resources Development Plan for the 2011-2020 period developed by the Ministry of Planning and Investment, the total investment capital for Vietnam's human resources development for the entire period is about 2,135 trillion VND, accounting for 12% of the total social investment capital.

Of this, investment capital for the 2011-2015 period is 800 trillion VND and for the 2015-2020 period is 1,335 trillion VND.

The mobilization of capital to ensure human resource development requirements is considered by the Ministry of Planning and Investment to primarily rely on the state budget, in addition to promoting socialization to mobilize capital from the people, from enterprises and organizations; and mobilizing foreign capital sources.

Mobilizing capital for human resource development from enterprises and organizations will legalize the responsibility of enterprises, while creating favorable conditions and strong mechanisms and policies to encourage enterprises of all economic sectors to increase direct investment in human resource training in accordance with the needs of enterprises, gradually moving towards enterprises becoming the leading force in vocational training.

The State not only encourages and supports economic groups and large corporations to directly establish corporate training facilities (from universities, colleges to vocational training facilities) or to contribute capital to human resource training facilities, but all funds deducted from corporate profits to build training facilities and regular costs of corporate human resource training will be deducted before calculating profit tax.

Training facilities of prestigious and highly qualified enterprises will be given priority by the State to order training according to targeted training programs and projects. In particular, human resource training facilities in economic zones, industrial zones, export processing zones, etc., in addition to preferential policies in the field of education and training, will also enjoy incentive mechanisms and policies and investment incentives like all other enterprises built in economic zones, industrial zones and export processing zones.

The Ministry of Planning and Investment has proposed that investment projects in building educational and training facilities operating under a business mechanism be exempted or reduced from corporate income tax for 9 years, equivalent to the level currently applied to science and technology enterprises in high-tech zones./.

According to (TTXVN/Vietnam+)

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2,135 trillion VND needed to develop human resources
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