The interest rate subsidy policy for both education and vocational training is clear and specific, but many projects are facing legal obstacles.
On December 6th, the Ho Chi Minh City Department of Labor, War Invalids and Social Affairs, the Ho Chi Minh City Department of Education and Training, and the Ho Chi Minh City State Financial Investment Company (HFIC) jointly organized the "Conference on implementing the policy of interest rate support for investment projects in the fields of education, training and vocational education in Ho Chi Minh City that are financed by HFIC according to Resolution No. 98/2023/QH15 of the National Assembly and Resolution No. 09/2023/NQ-HĐND of the City People's Council".
At the conference, Mr. Nguyen Quang Thanh, Deputy General Director of HFIC, provided a detailed introduction to the interest rate support policy for investment projects in the education and training sector.
According to him, the interest rate support policy for both education and vocational training is very clear and specific. However, many projects are facing legal obstacles regarding collateral assets such as land (land leased from the state, with annual rent payments) or other issues such as changing the name or address of the training facility. In addition, some schools with campuses/branches outside Ho Chi Minh City are unable to borrow funds under the program to implement these projects.
Meanwhile, Mr. Duong Tri Dung, Deputy Director of the Ho Chi Minh City Department of Education and Training, stated that the capital needs for the development of education and training in the city are very large. On October 8, 2024, the Ho Chi Minh City People's Committee issued Decision No. 4448/QD-UBND on the list of investment attraction projects for the 2024-2025 period, which includes 23 projects in the education and training sector. However, currently, there are 69 land plots designated for education within residential development projects that have been approved by the city for investment by businesses, but construction has not yet commenced according to the approved schedule.
"The interest rate subsidy policy will be a strong incentive for educational institutions to upgrade their facilities and develop new educational models, meeting the growing needs of the people and the labor market," Mr. Dung expected.
Source: https://nld.com.vn/nhu-cau-von-cho-giao-duc-dao-tao-rat-lon-196241206212144935.htm
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