{"id":19312,"date":"2025-01-17T17:21:58","date_gmt":"2025-01-17T10:21:58","guid":{"rendered":"https:\/\/b-company.jp\/?p=19312"},"modified":"2025-05-27T09:59:21","modified_gmt":"2025-05-27T02:59:21","slug":"vietnam-education-development-targets-to-2030-and-opportunities-for-foreign-investors","status":"publish","type":"post","link":"https:\/\/b-company.jp\/ko\/vietnam-education-development-targets-to-2030-and-opportunities-for-foreign-investors\/","title":{"rendered":"2030\ub144\uae4c\uc9c0 \ubca0\ud2b8\ub0a8\uc758 \uad50\uc721 \uac1c\ubc1c \ubaa9\ud45c\uc640 \uc678\uad6d\uc778 \ud22c\uc790\uc790\ub97c \uc704\ud55c \uae30\ud68c"},"content":{"rendered":"
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B&Company is the first Japanese company specializing in market research and investment consulting in Vietnam since 2008.<\/em><\/p>\n

In this section “Vietnam Briefing”, young researchers of B&Company will provide timely information of Vietnam’s industrial trends, consumer trends, and social movements.<\/em><\/p>\n

This article is written in English and automatic translation is used for other language versions. Please refer to the English version for accurate content. Although we strive to ensure the accuracy of the original information, please check separately for each information. Interpretations and future prospects are the personal opinions of each researcher. <\/em><\/p>\n<\/div>\n\t

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Education plays a pivotal role in Vietnam\u2019s socio-economic development, fostering innovation and preparing the workforce for the rising demand for high-skilled labor. As the nation moves toward its 2030 development goals, the education sector presents a wealth of opportunities for foreign investors, especially through M&A transactions.<\/p>\n

Overview of Vietnam\u2019s education system <\/strong><\/h3>\n

Vietnam\u2019s education system consists of formal education and continuing education, which is structured into multiple levels, designed to provide a comprehensive and inclusive educational pathway for its citizens[1]<\/a>, including:<\/p>\n

– Preschool education<\/em> includes junior kindergartens and senior kindergartens;<\/p>\n

– General education<\/em> consists of primary education, lower secondary, and upper secondary education, with primary education being the compulsory education stipulated under Vietnam\u2019s Education Law;<\/p>\n

– Vocational education<\/em> offers training at the elementary level, intermediate level, or college level, as well as other vocational training programmes; and<\/p>\n

– Higher education<\/em> includes university education, master education, and doctoral education.<\/p>\n

Over recent decades, Vietnam has made impressive strides in improving access to education and educational quality. The country has a near-universal primary education completion rate of over 98% with all provinces offering adequate education standards[2]<\/a>. In the school year 2023-2024, there were 522 thousand classes in general education, including 280 thousand primary classes; 168 thousand lower secondary classes, and 74 thousand upper secondary classes[3]<\/a>. The number of classes rose by 1% to accommodate growing enrollments, despite the steady decline in schools from 28,951 in 2015[4]<\/a> to 25,783 in 2024 due to mergers or closures into multi-level[5]<\/a>. The state management of vocational education has been innovated towards enhancing decentralization, strengthening autonomy and governance for institutions, and increasing the accountability of the heads of these institutions[6]<\/a>. 2024 also saw remarkable progress in Vietnam\u2019s university education as the training quality of 11 university-level institutions is recognized globally[7]<\/a>.<\/p>\n

Education establishments in Vietnam in the school year 2024-2025 (Unit: %)<\/strong><\/p>\n

\"Education<\/em><\/p>\n

Source: <\/em>GSO<\/em><\/a>, <\/em>MOE<\/em><\/a>, B&Company synthesis<\/em><\/p>\n

The situation of foreign direct investment in education sector in Vietnam <\/strong><\/h3>\n

Education, while not the largest sector for FDI, is gaining traction as a promising field for international investors[8]<\/a>. As of 2023, the sector attracted a total of 695 foreign-invested projects with a total value of 4.6 billion USD[9]<\/a>. In 2023, Vietnam registered 68 investment projects in education, increasing from 41 projects in the previous year and accounting for 2% of Vietnam\u2019s total FDI projects[10]<\/a>.<\/p>\n

Table 1: Registered FDI projects in Vietnam\u2019s education sector, from 2019 to 2023<\/strong><\/h3>\n\n\n\n\n\n\n\n
\u00a0<\/strong><\/td>\n2019<\/strong><\/td>\n2020<\/strong><\/td>\n2021<\/strong><\/td>\n2022<\/strong><\/td>\n2023<\/strong><\/td>\n<\/tr>\n
Total number of registered FDI projects<\/p>\n

(Unit: projects)<\/em><\/td>\n

4,028<\/td>\n\u00a02,610<\/td>\n\u00a01,818<\/td>\n\u00a02,169<\/td>\n\u00a03,314<\/td>\n<\/tr>\n
Total value of registered FDI projects<\/p>\n

(Unit: million USD)<\/em><\/td>\n

\u00a038,952<\/td>\n\u00a031,045<\/td>\n\u00a038,854<\/td>\n\u00a029,288<\/td>\n\u00a039,390<\/td>\n<\/tr>\n
Number of registered FDI projects in education<\/p>\n

(Unit: projects)<\/em><\/td>\n

72<\/td>\n57<\/td>\n27<\/td>\n41<\/td>\n68<\/td>\n<\/tr>\n
Value of registered FDI projects in education<\/p>\n

(Unit: million USD)<\/em><\/td>\n

67<\/td>\n109<\/td>\n52<\/td>\n254<\/td>\n48<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: <\/em>GSO<\/em><\/a><\/p>\n

Merger & Acquisition (M&A) is a popular method for investors to enter the education market as they can leverage existing knowledge and infrastructures while improving on financial capabilities and management expertise[11]<\/a>. In 2023, US-based firm KKR invested 120 million USD in Vietnamese educational services provider EQuest Education Group whose offerings range from traditional general education to other vocational training and abroad education programs[12]<\/a>. Taylor\u2019s Education Group, which also backed by KKR, was reported to consider the acquisition of Koala House, a Vietnamese preschool education provider in 2024[13]<\/a>. More recently, Nutifood made a strategic investment decision into Anne Hill International School to expand into the educational sector, particularly in formal education and language centers[14]<\/a>. M&A is also used by domestic educational providers, such as the acquisition of IELTS Workshop, a popular IELTS test preparation center, by Vietnamese edtech startup Vuihoc[15]<\/a>.<\/p>\n

E<\/strong>Q<\/strong>uest\u2019s Canadian International School received 120 million USD from KKR<\/strong><\/p>\n

\"EQuest\u2019s<\/em><\/p>\n

Source: <\/em>Investment News<\/em><\/a><\/p>\n

The M&A landscape of Vietnam\u2019s education sector is booming and active at all levels due to the government’s general encouragement. Firstly, Vietnam does not introduce any limit on the proportion of foreign-invested capital for educational institutions. Resolution No. 35\/NQ-CP signed in 2019 also highlighted the government\u2019s efforts to enable FDI in the sector by easing visa and work permit processes to attract foreign intellectuals, businesspeople, and enterprises[16]<\/a>. Furthermore, Decree No. 86\/2018\/ND-CP allows foreign investors to provide services at all educational levels[17]<\/a>, and its amendments under Decree No. 124\/2024\/ND-CP signed in 2024 also introduce a phased investment timeline to reduce burdens for newly established institutions[18]<\/a>.<\/p>\n

Vietnam\u2019s education development targets for 2030<\/strong><\/h3>\n

To align with its socio-economic development goals, Vietnam has set forth an ambitious Education Development Strategy to 2030, with a vision toward 2045 under Decision No. 1705\/QD-TTg signed in December 2024. The strategy sets goals to improve the accessibility of education for all levels, as well as shifting the training programs to meet with the national demand in the workforce. In light of the growing number of school enrollments and the need for better education, the government also encourages the development of the private education sector of all levels.<\/p>\n

Table 2: Development targets under Education Development Strategy to 2030, with a vision toward 2045 in <\/strong>Decision No. 1705\/QD-TTg in 2024<\/strong><\/p>\n\n\n\n\n\n\n\n\n
No.<\/strong><\/td>\nEducation sector<\/strong><\/td>\nDevelopment target<\/strong><\/td>\n<\/tr>\n
1<\/td>\nPreschool education<\/strong><\/td>\n– Increasing enrollment rate in preschool education;<\/p>\n

– 100% of preschool teachers meeting the required qualification standards;<\/p>\n

– 30% of preschools to be non-public, with 35% of children enrolled in non-public preschool educational institutions;<\/p>\n

– 100% of classrooms to be permanent and over 65% of preschools meeting national standards.<\/td>\n<\/tr>\n

2<\/td>\nGeneral education<\/strong><\/td>\n–\u00a0 Maintaining the achievements in universal primary and lower secondary education;<\/p>\n

–\u00a0 Increasing the percentage of students attending school at the correct age;<\/p>\n

–\u00a0 Increasing transition rate and completion rate;<\/p>\n

–\u00a0 100% of classrooms to be permanent and over 65% of preschools meeting national standards;<\/p>\n

–\u00a0 5% of the general education institutions are non-public, with 5.5% of children enrolled in non-public general education institutions.<\/td>\n<\/tr>\n

3<\/td>\nHigher Education<\/strong><\/td>\n–\u00a0 Number of university students per 10,000 people reaching at least 260;<\/p>\n

–\u00a0 Percentage of university students within the 18\u201322 age group reaching at least 33%;<\/p>\n

–\u00a0 International students enrolled in higher education programs in Vietnam reaching 1.5%;<\/p>\n

–\u00a0 At least 40% of university lecturers hold doctoral degrees;<\/p>\n

–\u00a0 Proportion of students in STEM fields reaching 35%;<\/p>\n

–\u00a0 Average number of scientific publications and applied science and technology projects per full-time lecturer reaching 0.6 projects\/year.<\/td>\n<\/tr>\n

4<\/td>\nVocational education<\/strong><\/td>\n–\u00a0 Literacy rate for level-1 literacy among people aged 15\u201360 reaching 99.15%, and 98.85% for areas with special difficulties and ethnic minority regions;<\/p>\n

–\u00a0 90% of provinces achieving level-2 standards for literacy eradication;<\/p>\n

–\u00a0 10 administrative units to join UNESCO\u2019s Global Network of Learning Cities by 2030.<\/td>\n<\/tr>\n

5<\/td>\nInternational cooperation in education<\/strong><\/td>\n–\u00a0 Aligning Vietnam’s National Qualifications Framework with those of other nations and regions, engaging in mechanisms for the mutual recognition of international and regional degrees and credits;<\/p>\n

–\u00a0 Participating in international quality assessments and rankings for general education and reputable global university rankings;<\/p>\n

–\u00a0 Fostering international cooperation and investment in establishing high-quality preschools, general education schools, and universities;<\/p>\n

–\u00a0 Attracting prestigious foreign universities to establish branch campuses in Vietnam;<\/p>\n

–\u00a0 Developing breakthrough mechanisms and policies to attract and utilize foreign experts, scientists, and overseas Vietnamese for teaching, research, and employment at Vietnamese universities;<\/p>\n

–\u00a0 Strengthening efforts to attract international students to study in Vietnam.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: <\/em>TVPL<\/em><\/a><\/p>\n

Opportunities and challenges <\/strong><\/h3>\n

Vietnam\u2019s education sector presents numerous opportunities for foreign investors, driven by policy support, market demand, and evolving socio-economic conditions. The education sector of Vietnam is highly attractive due to a high awareness of education and a growing middle class that is willing to invest in quality education[19]<\/a>. \u00a0Investors in the education sector may benefit from various tax incentives, including corporate income tax reductions and exemptions, which enhance the attractiveness of investing in Vietnam’s educational landscape[20]<\/a>. Lastly, there is a rising demand for specialized education services, especially STEM education to meet with the economic demand, providing markets for foreign investors to explore[21]<\/a>.<\/p>\n

However, there are also some challenges that foreign investors should be noted before entering the Vietnamese market. Operating in the private education sector can be particularly competitive, requiring foreign investors to offer unique products to succeed[22]<\/a>. Under Decree No. 124\/2024\/ND-CP, the government imposes stringent standards for international institutions partnering with local providers or establishing branch campuses in Vietnam[23]<\/a>. The decree raises the investment requirements to 50 million VND per student, with a minimum of 50 billion VND for general education institutions and at least 500 billion VND for university branch campuses.<\/p>\n

Conclusion<\/strong><\/h3>\n

Vietnam\u2019s education development targets to 2030 highlight the country\u2019s commitment to improving access, quality, and relevance of education at all levels. These ambitious goals present substantial opportunities for foreign investors, particularly in areas such as international education, vocational training, and EdTech solutions. However, to succeed in this dynamic market, investors must navigate regulatory complexities, understand cultural nuances, and align their offerings with local needs.<\/p>\n

\n

[1]<\/a> TVPL. Law No. 43\/2019\/QH14 \u2013 Education Law <Assess<\/a>><\/p>\n

[2]<\/a> Ministry of Education and Training (MOE). Highlights in Primary Education for the 2023\u20132024 Academic Year <Assess<\/a>><\/p>\n

[3]<\/a> GSO. Socio-economic situation in the fourth quarter and 2024 <Assess<\/a>><\/p>\n

[4]<\/a> GSO. Statistical yearbook 2023 <Assess<\/a>><\/p>\n

[5]<\/a> GSO. Socio-economic situation in the fourth quarter and 2024 <Assess<\/a>><\/p>\n

[6]<\/a> MOE. Summary of the 2023-2024 school year for secondary education and continuing education <Assess<\/a>><\/p>\n

[7]<\/a> Vneconomy. 11 Vietnamese universities recognized as meeting international standards in 2024 <Assess<\/a>><\/p>\n

[8]<\/a> VIR. Notable dealmaking points to breakthroughs in education <Assess<\/a>><\/p>\n

[9]<\/a> GSO. Statistical yearbook 2023 <Assess<\/a>><\/p>\n

[10]<\/a> GSO. Statistical yearbook 2023 <Assess<\/a>><\/p>\n

[11]<\/a> VIR. Notable dealmaking points to breakthroughs in education <Assess<\/a>><\/p>\n

[12]<\/a> Investment News. EQuest successfully raises 120 million USD from KKR fund <Assess<\/a>><\/p>\n

[13]<\/a> VIR. Notable dealmaking points to breakthroughs in education <Assess<\/a>><\/p>\n

[14]<\/a> Thanhnien. Nutifood ventures into education, investing in Anne Hill International School <Assess<\/a>><\/p>\n

[15]<\/a> VIR. Vuihoc invests in The IELTS Workshop to capitalise on Vietnam’s test preparation market <Assess<\/a>><\/p>\n

[16]<\/a> TVPL. Resolution No. 35\/NQ-CP on Enhancing the Mobilization of Social Resources for Investment in Education and Training Development in the Period 2019\u20132025 <Assess<\/a>><\/p>\n

[17]<\/a> TVPL. Decree No. 86\/2018\/ND-CP on Foreign Cooperation and Investment in the Field of Education <Assess<\/a>><\/p>\n

[18]<\/a> TVPL. Decree No. 124\/2024\/N\u0110-CP Amending and Supplementing Certain Provisions of Decree No. 86\/2018\/N\u0110-CP Dated June 6, 2018, of the Government on Regulations for Foreign Cooperation and Investment in the Field of Education <Assess<\/a>><\/p>\n

[19]<\/a> VIR. Notable dealmaking points to breakthroughs in education <Assess<\/a>><\/p>\n

[20]<\/a> Vietnam Briefing. Vietnam\u2019s School Education Sector: Foreign Investment Scope and New Regulatory Changes <Assess<\/a>><\/p>\n

[21]<\/a> Vietnamplus. Vietnam wants high-quality human resources training in STEM <Assess<\/a>><\/p>\n

[22]<\/a> Saigon Economy. M&A in Education: Finding Sustainable Structures in Finance and Training Quality <Assess<\/a>><\/p>\n

[23]<\/a> TVPL. Decree No. 124\/2024\/N\u0110-CP Amending and Supplementing Certain Provisions of Decree No. 86\/2018\/N\u0110-CP Dated June 6, 2018, of the Government on Regulations for Foreign Cooperation and Investment in the Field of Education <Assess<\/a>><\/p>\n

 <\/p>\n

* If you wish to quote any information from this article, please kindly cite the source along with the link to the original article to respect copyright.<\/em><\/p>\n\n\n\n
B&Company<\/em><\/strong><\/p>\n

The first Japanese company specializing in market research in Vietnam since 2008. We provide a wide range of services including industry reports, industry interviews, consumer surveys, business matching. Additionally, we have recently developed a database of over 900,000 companies in Vietnam, which can be used to search for partners and analyze the market.<\/p>\n

Please do not hesitate to contact us if you have any queries.<\/p>\n

info@b-company.jp<\/em><\/a>\u00a0+ (84) 28 3910 3913<\/strong><\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

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