RoK investors interested in Vietnam's education sector
The Republic of Korea (RoK) was the top investor in education in Vietnam in the first 11 months of this year with 8.2 million USD, or 57 percent of the total FDI inflows in the sector.
The RoK invested some 8.2 million USD in the education sector in the first 11 months of this year, accounting for well over half of all foreign investment in education. (Photo: VNA)HCM City (VNS/VNA) - The Republic of Korea (RoK) was the top investor in education in Vietnam in the first 11 months of this year with 8.2 million USD, or 57 percent of the total FDI inflows in the sector.
A third of the 112
investors from 15 countries and territories were also from the RoK.
Visang Education
Inc invested 3.34 million USD in its subsidiary to become the
leader.
Le Khac Anh, head of its
marketing department, said the demand for studying Korean is very high, giving
his company plenty of scope to expand even further.
Durable Newtech JSC
announced it is investing 2.59 million USD in the Korea Global School, a new
international school in Hanoi.
The International College
of Arts invested a further 2.74 million USD in its Hanoi-based centre to add to
the 4.24 million USD it had already invested.
Poly Educational Services
Co., added 950,000 USD to the 3.1 million USD it had invested in a foreign language
centre in District 7, HCM City.
The fact that the RoK has remained Vietnam’s top FDI source for many years has seen a number of
Korean specialists and guest workers come to the country, triggering an
increase in demand for education from the growing Korean community in the
country.
The number of Koreans in Vietnam has risen nearly 50-fold in the last decade to around
100,000, according to the report of Savills.
Some 80 percent live in
HCM City, and the rest in Hanoi, Binh Duong, Dong Nai, Vung Tau, Bac Ninh, and
elsewhere.
The figure is likely to
increase in the years to come, opening up new business opportunities in
products and services, such as education, exclusively targeted at Korean
customers./.
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