Education M&A: Decree 66 Introduces Post-closing Disclosure and Licensing Obligations
Posted on Apr 6, 2026 in Legal Update by VILAF
Vietnam has introduced new disclosure and licensing requirements that affect not only future capital transfer transactions involving private schools, but also private schools that have undergone capital transfers in the past. These requirements are set out in Decree No. 66/2026/ND-CP (“Decree 66”), which took effect on 15 March 2026 (the “Effective Date”). Although Decree 66 is linked to Decree No. 86/2018/ND-CP, as amended (“Decree 86”), which governs foreign-invested educational institutions including short-course training facilities, the […]
