In 2020, the number of newly established businesses for the education sector reached about 3.74 thousand in Vietnam. In that year, the number of new enterprises in the country amounted to approximately 134.9 thousand.
Quality of education in Vietnam
Today, the fast-growing middle class with higher incomes and increasing living standards is able to invest in good quality education. According to a survey, access to education was one of the major consumer concerns. The young population is supported by their parents not only for education within the country, but also abroad. Moreover, to improve the quality of education in the country, government initiatives facilitate foreign investments that allow foreign-funded schools.
Education sector in Vietnam
The government of Vietnam has attempted to ease regulations in the educations sector. This has allowed for more foreign investment in the sector. In 2019, the value of foreign direct investments in education and training reached 4.3 billion U.S. dollars. As of December 2018, there were a total of 14.98 thousand businesses in operation in the education and training sector. In that year, approximately 121.8 thousand people were employed in the sector.
Number of newly established businesses for education services in Vietnam from 2016 to 2020
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General Statistics Office of Vietnam. (June 22, 2021). Number of newly established businesses for education services in Vietnam from 2016 to 2020 [Graph]. In Statista. Retrieved June 30, 2022, from https://www.statista.com/statistics/1049244/vietnam-number-of-new-businesses-for-education/
General Statistics Office of Vietnam. "Number of newly established businesses for education services in Vietnam from 2016 to 2020." Chart. June 22, 2021. Statista. Accessed June 30, 2022. https://www.statista.com/statistics/1049244/vietnam-number-of-new-businesses-for-education/
General Statistics Office of Vietnam. (2021). Number of newly established businesses for education services in Vietnam from 2016 to 2020. Statista. Statista Inc.. Accessed: June 30, 2022. https://www.statista.com/statistics/1049244/vietnam-number-of-new-businesses-for-education/
General Statistics Office of Vietnam. "Number of Newly Established Businesses for Education Services in Vietnam from 2016 to 2020." Statista, Statista Inc., 22 Jun 2021, https://www.statista.com/statistics/1049244/vietnam-number-of-new-businesses-for-education/
General Statistics Office of Vietnam, Number of newly established businesses for education services in Vietnam from 2016 to 2020 Statista, https://www.statista.com/statistics/1049244/vietnam-number-of-new-businesses-for-education/ (last visited June 30, 2022)