Number of new businesses for education in Vietnam 2016-2023

In 2023, the number of newly established businesses in the education sector reached about 5,359 in Vietnam, indicating a significant increase from the previous year. In that year, the number of new enterprises in the country amounted to approximately 159,294. 

Public and private education sectors in Vietnam

Since the government of Vietnam eased regulations on investing in the education sector, more and more private education institutions have emerged in the country. Although public schools have the reputation of providing affordable and well-recognized degrees, the number of students per teacher in these schools has been increasing in recent years. Many private education institutions, on the other hand, provide other benefits such as smaller classrooms and international curriculums that meet the needs of more affluent parents and students. This has led to an increase in the number of students in private education, such as in private universities in recent years.

Striving for better education

In Vietnam, good quality education is highly valued among the population, especially by the fast-growing middle class with higher incomes and increasing living standards. In urban areas in the country, education accounted for a significant share of household expenditure, sometimes even higher than healthcare spending. In addition, a number of Vietnamese families are now choosing to send their children overseas, hoping that they can receive an even better education than in their home country. This has put Vietnam on the list of countries with the most students studying abroad in recent years.