NEW CIRCULAR 05 ON SUBSIDIES FOR HUMAN RESOURCES TRAINING FOR SMES

On March 29, 2019, the Ministry of Planning and Investment issued Circular 05/2019/TT-BKHDT (“Circular 05”) providing guidelines to support the development of human resources for small and medium-sized enterprises (“SMEs”).

Circular 05 guides business start-up training, business administration and direct training at SMEs; organizes online training programs, mass media training programs for SMEs; fostering a contingent of cadres, civil servants and public employees performing the task of supporting SMEs.[1]

The State Budget will sponsor 100% of tuition fees for start-up training courses, business administration for the following persons: people from SMEs located in regions with difficult socio-economic conditions and women-owned SMEs. In addition, the State Budget will support at least 50% of the total cost of organizing a training course on entrepreneurship and business administration.[2]

If they are unable to participate in direct training, employees or managers from SMEs can participate in online training programs, through mass media.[3] Each of them will be provided with an account to learn at the online training system, on a website platform, or mobile applications.

Circular 05 also stipulates issues of training of cadres, civil servants and public employees performing the task of supporting SMEs; managing training activities, etc. [4]

Circular 05 took effect on May 12, 2019.

[1] Article 1, Circular 05.

[2] Article 2, Circular 05.

[3] Article 4, Circular 05.

[4] Article 6, 6, Circular 05.


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By |October 29th, 2019|Labor, Employement & HR, The Legal Breaking News|0 Comments