Vietnam has over 600 foreign investment and cooperation projects in the field of education

Friday, 16/09/2022 12:35
On September 15, in Hanoi, the Ministry of Education and Training held a conference on cooperation and investment in education to increase the mobilization of society's resources for investment in education development.
Photo for illustration (Source: VNA) 

The education sector has already taken a series of measures and achieved important results in mobilising resources for education development, VNA quoted the saying of Minister of Education and Training Nguyen Van Phuc.

Over 3,800 non-public educational institutions have been set up nationwide, he said, adding that Vietnam’s cooperation and investment policy for education has contributed to improving the quality of training and its ranking on the world education map.

According to VNA, as of December 31, 2021, Vietnam had 605 valid foreign-invested education cooperation projects with a total investment of over 4.57 billion USD, an increase of 321 projects and 3.5 billion USD compared to five years before. The projects are mainly concentrated in Hanoi and HCM City, accounting for 91.23% of the total registered capital.

At the university level, as of December 31, 2021, the country had 408 training cooperation programmes with foreign partners, including those from the UK (101 programmes), the US (59), France (53), Australia (37), and the Republic of Korea (27). 

Domestic educational managers and experts, and scholars from prestigious foreign institutions discussed ways to attract more investment and promote cooperation in the field during the conference.

Accordingly, to successfully invest in education in Vietnam, investors need to regularly update relevant legal regulations, conduct surveys on the demand of localities, and implement quality projects./.