Speaking at the opening of the conference, Mr. Nguyen Van Phuc - Deputy Minister of Education and Training said that over the past time, Vietnam's education sector has synchronously implemented solutions and achieved many important results. Vietnam has established a network of nearly 3,800 non-public educational institutions covering all localities in the country. The quality of Vietnam's education has been raised 5 levels, reaching 59th position on the international rankings in 2021. “Vietnam is a country with a large young population, a tradition of studiousness and willingness to invest money to study at high-quality educational institutions. Vietnam is a country with a stable political and security background and an open visa policy among countries in the region. Therefore, investing in building educational institutions and implementing high-quality educational programs in Vietnam not only attracts Vietnamese students but also has the ability to attract students regionally and internationally. Therefore, the opportunity and potential for investment in education in Vietnam is huge," affirmed Deputy Minister Nguyen Van Phuc.
Presenting an overview report on investment cooperation in the field of education, Mr. Nguyen Tien Dung - Deputy Director of the Department of International Cooperation said that as of December 31, 2021, Vietnam has 605 valid FDI projects the field of education with a total investment capital of more than 4.57 billion USD, an increase of 321 FDI projects compared to 5 years ago, the amount of registered investment capital also increased by over 3.5 billions of dollars. "Localities need to have mechanisms and policies, create favorable conditions for a more open environment, and reserve land for education in order to attract investment in education. Proactively make a list of investment projects in education according to the investment needs of each locality and actively organize conferences and forums to promote and call for investment of domestic and foreign investors", Mr. Nguyen Tien Dung recommended.
As the first locality to present at the Conference, Ms. Huynh Lien Phuong - Director of Da Nang Investment Promotion Agency has the opportunity to introduce an overview of the investment environment as well as investment opportunities in the education sector in Da Nang city to more than 300 participants in person at the Conference and more than 100 participants online. The guests are representatives from international schools, educational institutions and leaders of relevant ministries and agencies.
Ms. Huynh Lien Phuong - Director of Da Nang Investment Promotion Agency is delivering the speech at the Conference
In Da Nang city, currently, the need and ability to pay for high-quality education is increasing, as well as the trend of choosing schools for children, parents are having a significant shift. The direction of choosing schools for children of parents is having a significant shift. Specifically, in recent years, the city's demand for private schools has increased sharply when the number of students enrolled in private schools in 2020 reached 8,445 students, twice the number of students attending private schools in 2016 which was 4,000 students, 3 times the number of students enrolled in private schools in 2012. Moreover, parents tend to choose local international schools with equivalent quality and qualifications instead of studying abroad because the cost to attend an international school locally is only 40% of the tuition fee when studying abroad.
The construction of high-quality educational schools not only meets the needs of students in Da Nang but also for neighboring provinces because in general, investment in international education in the neighboring provinces of Da Nang has not flourished. For a long time, students in these provinces and cities tend to move to Da Nang in search of opportunities to study at high-quality and high-standard training schools. In addition, the foreigners and bussiness community coming to Da Nang to work and settle in long term is increasing day by day thanks to the promotion of Da Nang's position due to developed infrastructure and peaceful living environment. Along with the city's planning orientation to 2030, with a vision to 2045, Da Nang advocates focusing on developing educational infrastructure and has prepared land funds calling for investment, many investment opportunities in building high-quality, international-standard schools in Da Nang city is waiting for investors and will be very advantageous for investors who decide to invest early.
Experts and delegates discussed solutions to promote education investment attraction
Within the framework of the Conference, a Panel discussion on Solutions to promote investment in education was held. Speakers include experts and representatives from the International Cooperation Department belong to Ministry of Education and Training, Da Nang Investment Promotion Agency, Quang Ninh Investment Promotion Agency, Department of Education and Training in Ho Chi Minh City, British Council, Nguyen Hoang Group and Vietnam Business Forum Corsirtium. The Panel discusses solutions on policies, procedures and investment incentives to create more favorable conditions for foreign businesses and investors to invest in international schools in Vietnam. Experts and delegates in turn offered solutions as well as recommendations, proposals and committed to stand side by side with enterprises from the initial steps until the project was conceived and put into operation.
At the end of the Panel discussion on Solutions to promot investment in education, Mr. Pham Quang Hung, Director of the International Cooperation Department belong to the Ministry of Education and Training provided more information on the progress of draft amendments to legal documents related to cutting some investment procedures, adding regulations to create favorable conditions for foreign universities to open branches in Vietnam. Along with that, for procedures that need coordination between ministries and central agencies, he pledges to closely support investors and the Department of International Cooperation under the Ministry of Education and Training will be the focal point to receive relevant requests and recommendations.
Quynh Anh
