Capital: Hanoi
Population: 103.8 million (2022 est.)
GDP (Purchasing Power Parity): $798.21 billion (2020 est., in 2017 dollars)
Currency: Dong (VND)
Language: Vietnamese (official)
UNESCO Student Mobility Number
Vietnam has 132,559 students studying abroad according to UNESCO.
CIA World Factbook
37.83% of Vietnam’s population is under 25 years old.
OVERVIEW
Education and training are top priorities for the government, which needs to equip the labor force with scientific, technological, and management skills. As new industries expand, a university degree is increasingly essential for young Vietnamese workers searching for higher-paying jobs in new and emerging sectors, with a focus on the high-tech industry.
In addition, the domestic education market in Vietnam continues to strengthen due to the significant increase in per capita income, the robust expansion of both the manufacturing and services sectors, and the emphasis Vietnamese families traditionally place on ensuring a solid education for their children. As a result, domestic offerings continue to improve. Still, a large percentage of university graduates need further training to find jobs in their perspective fields, demonstrating a need for more practical and effective education. As a result of this acknowledgment, many Vietnamese families and students look for educational opportunities outside of Vietnam.
According to the Vietnamese Ministry of Education and Training (MoET) data, there were approximately 190,000 Vietnamese students studying abroad in the 2019-2020 academic year, with a vast majority of students abroad focused on post-secondary school opportunities. These numbers continue to grow as families increase their household income and look to send their children abroad to ensure they have access to the best educational opportunities. The overseas study destinations include Japan (22%), the United States (17%), Australia (17%), Canada (12%), The UK (7%), China (6%), and others (19%).
SUB-SECTORS
Higher Education
The latest Open Doors report of the American Institute of International Education (IIE) released on November 14, 2022, said that the United States has more than 948,000 international students from more than 200 countries and territories studying at the U.S. institutions of higher education in the academic year 2021-2022. This is an increase of about 4% from the previous school year.
According to the report, the number of Vietnamese students studying in the U.S. in 2021- 2022 is 20,713, accounting for 2.2% of the total number of international students studying in the U.S. and contributing 721 million USD for US economy.
Of the 20,713 Vietnamese students enrolled in higher education in the United States, 67.3% were undergraduates, 17.3% focused on the graduate study level, 13.1% enrolled in Optional Practical Training (OPT), and the remaining 2.07% percent were pursuing non-degree programs.
Vietnam is currently ranked 5th by IIE for the first time in terms of the number of international students at higher education level in the U.S., despite the number of Vietnamese students coming to the U.S. has decreased for the last three years (AY2019-2020: 23,777; AY2020- 2021: 21,631; AY2021-2022: 20,713) due to pandemic travel restrictions. Before the global pandemic, the number of Vietnamese students in the U.S. increased consecutively every year.
Science, Technology, Engineering, and Math (STEM) field Note: Percent distribution may not total 100.00 due to rounding.
Among community college enrollees, Vietnamese students continue to constitute the second largest group of foreign students, accounting for approximately 10% of all international enrollments in 2021-2022, according to the Institute of International Education’s (IIE) annual “Open Doors” Report.
Secondary Education
There were more than 49,000 international student records for K-12 education during 2021. Approximately 8.4 percent of K-12 students in 2021 pursued primary school education, while roughly 92.7 percent of K-12 students pursued secondary school education (grades 9-12).
China sent 37 percent of all K-12 students in 2021, followed by South Korea, Mexico, Vietnam, and Canada.
Below are the top five countries of citizenship with the most significant number of international K12 students in the United States in the calendar year 2021.
- China: 37% (17,375)
- South Korea: 8.7% (4,288)
- Mexico: 7% (3,462)
- Vietnam: 6.7% (3,323)
- Canada: 4.3% (2,129)
Vietnamese students in US for K-12 education
Online Programs
Vietnam’s online learning development is favorable due to (1) the enhancement of the Vietnamese government in IT application and digital transformation in education and training,
(2) the development of internet infrastructure, and (3) the increase of Smartphones and other mobile digital devices users. However, many severe barriers lower the potential for online learning programs.
Time zone differences can affect a student’s experience in the virtual classroom. For instance, while lectures in certain parts of U.S. happen early in the morning, it is usually late at night in Vietnam.
Vietnam’s e-learning market holds a challenge due to users’ stereotypes. Online education degrees are referred to as “distance learning”, which is usually considered an inferior, informal alternative for learners with poor academic achievement or financing conditions.
Moreover, the online program is less recognized by employers in Vietnam.
Although the pandemic has brought about huge opportunities for online learning, school administration, teachers, students, and parents hesitate to engage in online education delivery. They feared the new method would affect the learning outcomes as the students sometimes lack self-motivation when studying independently. Online learners can be distracted and lose focus easily when home studying.
Education Technology
For investors, the Asian EdTech market is one of the potential investment markets with strong growth. The development of Distance Learning and EdTech in Southeast Asia has driven fast growth in Vietnam.
According to a recent report by Do Ventures, EdTech is the third most invested field in Vietnam in the past eight years in the technology sector. The total venture capital investment in Vietnam for EdTech is $103 million, just behind the payment field ($462 million) and retail ($416 million). However, the area of EdTech and the digital transformation of education in Vietnam is still at its early stages.
In 2019, Vietnam was in the top 10 fastest-growing online education markets globally, with an annual growth rate of 44.3%. Currently, there are more than 200 EdTech businesses in Vietnam, with 2 million users nationally. The market size is estimated at no less than US$2 billion.
Vietnam has favorable conditions for the development of EdTech, such as a young population, a fast-growing economy, strong government support, increasing educational expenses, good internet coverage, and a high percentage of smartphone users.
OPPORTUNITIES
The United States is Vietnamese students’ and parents’ first choice when planning to study abroad. Vietnamese students are interested in learning about majors, the school/campus environment, scholarships, academic requirements, and internship and job opportunities when evaluating schools. Meanwhile, parents are interested in a school location, campus safety, total cost (including school cost and living cost), connections with universities and colleges, and the focus on employment skills. However, the difference between the South and North of Vietnam are prevalent. In the southern regions, location and financial aid/scholarship packages are key drivers for families. In contrast, in the north of Vietnam, families pay more attention to the ranking of the schools and key performance statistics such as test scores and the number of graduates that move on to 2 and 4-year colleges and universities.
Four-year University/Graduate Degree: Most Vietnamese students are interested in four-year undergraduate programs at U.S. universities, though many also extend their studies in the U.S. at the graduate level. Science, Technology, Engineering, and Math (STEM) remain the top selected fields of study by Vietnamese students, followed by Business & Management and Physical/Life Science.
High Schools/Boarding Schools: There is growing interest among Vietnamese families in sending their children to the U.S. to enroll in high school/boarding schools. This is due to the belief of families that their children will better adapt to life at a U.S. university or college if they also attended 2-3 years of high school in the U.S. This will allow them to better adapt culturally, academically, and socially, ensuring a better chance of success as they pursue a higher education degree.
It is important to note that Vietnamese parents cite their desire for providing a safe and comfortable environment for their kids as a primary criterion for selecting boarding schools. Other factors that go into the family’s decision-making are financial aid/scholarship packages and the relationships a school has with community colleges and universities, allowing their student to transition to a U.S. institution smoothly and seamlessly.
Joint-Degree Programs: Partnering with local institutions for 2+2, 3+1, or 3+1+X joint-degree programs.
The Vietnamese government’s top three priorities include improving infrastructure, institutional reform, and human resources development. As part of this, improving domestic education is a top priority in various plans. The initiatives include ambitious goals, such as a ten percent annual increase in domestic university enrollment and developing a higher education system that is more in line with global standards. Because of this, the Vietnamese government has increased budget allocations, liberalized private sector involvement, and encouraged foreign participation in developing education and training services.
As the Vietnamese government gives greater autonomy for institutions to manage all aspects of their schools, institutions in Vietnam are increasingly interested in expanding partnership opportunities with foreign institutions, especially American institutions.
DIGITAL MARKETING STRATEGIES
Among Facebook, YouTube, Instagram, and Tik Tok, which are the most popular social media sites for Vietnamese students, Vietnamese parents are highly engaged on Facebook. These users aged 18 – 35, account for 75% of the Facebook users in the country. It is also a popular platform for streaming videos.
Regarding search engines, Google takes the top position among Vietnamese users. Standing second is a local alternative: Coc Coc (www.cococ.com). These search engines will lead users to educational opportunities, such as the official institutions’ websites. Thus, investing and updating your website is an effective way to promote the institutions.
LinkedIn is the most popular platform that students use to search for job opportunities. Users receive job advertisements and get alerts on free training programs.
Although the above popular social media and search engines help you reach a large Vietnamese population, focusing on the target customers will be more effective. Thus, schools should consider partnering with local education agents to promote the schools on their websites. Those who visit the local education agents’ websites are mostly interested in studying overseas and would like to search for information that helps them to make decisions.
EVENTS
There are several education fairs in Vietnam annually, including events organized by Education USA. The Education USA fairs are some of the largest and most-attended events of their kind in Vietnam. For more information, please visit https://educationusa.state.gov.
RESOURCES
Information about studying in the United States is available through Education USA, a global network of more than 400 advisory centers supported by the Bureau of Educational and Cultural Affairs at the U.S. Department of State: https://educationusa.state.gov
- Higher Engineering Education Alliances: www.heeap.org
- Viet Abroader: www.vietabroader.org
- Fulbright Vietnam: https://fulbright.edu.vn
U.S. COMMERCIAL SERVICE CONTACTS
Ms. Huong Nguyen, Commercial Assistant
U.S. Commercial Service – Ho Chi Minh City, Vietnam
Email: Huong.Nguyen@trade.gov
Phone Number: +84-28-3520-4680
Ms. Ngan Thai, Commercial Assistant
U.S. Commercial Service – Hanoi, Vietnam
Email: Ngan.Thai@trade.gov
Phone Number: +84-24-3580-5199
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