Hanoi (VNA) - The Republic of Korea (RoK) poured about 8.2million USD into Vietnam’s education sector during the first 11 months of thisyear, accounting for 57 percent of the country’s total FDI in the field.
One-third of the total of 112 foreign investors who contributed capitaland purchased shares in educational projects this year were also from the RoK.
Visang Education Inc. invested 3.34 million USD in its subsidiary inVietnam, Visang Education Vietnam, making the RoK-based group a leader in FDIin the country’s education sector.
Le Khac Anh, head of Visang Education Vietnam’s marketing department,said there is plenty of space for the company to expand its services in thecountry, as local demand for Korean language courses have been on the rise inrecent years.
Durable Newtech JSC, meanwhile, also announced 2.59 million USD ininvestment into the Korea Global School, a new international school in Hanoi.
Vietnam saw additional FDI injected into 14 educational projects betweenJanuary and November, half of which are run and invested in by RoK investors.
The International College of Arts from the RoK added 2.74 million USD toits Hanoi-based centre, which had already received 4.24 million USD inregistered investment.
Another RoK enterprise, Poly Educational Services Co., pumped an extra950,000 USD into its 3.1-million-USD foreign language centre in District 7, HCMCity.
The fact that the RoK has remained Vietnam’s largest FDI contributor formany years has seen a number of Korean specialists and guest workers come tothe country, triggering an increase in demand for educational services for theKorean community in the country.
The number of Koreans in Vietnam has risen nearly 50-fold over the lastdecade to around 100,000, according to Savills. Some 80 percent live in HCM City,with the remainder in Hanoi, Binh Duong, Dong Nai, Vung Tau, Bac Ninh, andelsewhere.
The figure is likely to increase in the years to come, opening up newbusiness opportunities in products and services, such as education, provided exclusivelyfor Korean customers./.
One-third of the total of 112 foreign investors who contributed capitaland purchased shares in educational projects this year were also from the RoK.
Visang Education Inc. invested 3.34 million USD in its subsidiary inVietnam, Visang Education Vietnam, making the RoK-based group a leader in FDIin the country’s education sector.
Le Khac Anh, head of Visang Education Vietnam’s marketing department,said there is plenty of space for the company to expand its services in thecountry, as local demand for Korean language courses have been on the rise inrecent years.
Durable Newtech JSC, meanwhile, also announced 2.59 million USD ininvestment into the Korea Global School, a new international school in Hanoi.
Vietnam saw additional FDI injected into 14 educational projects betweenJanuary and November, half of which are run and invested in by RoK investors.
The International College of Arts from the RoK added 2.74 million USD toits Hanoi-based centre, which had already received 4.24 million USD inregistered investment.
Another RoK enterprise, Poly Educational Services Co., pumped an extra950,000 USD into its 3.1-million-USD foreign language centre in District 7, HCMCity.
The fact that the RoK has remained Vietnam’s largest FDI contributor formany years has seen a number of Korean specialists and guest workers come tothe country, triggering an increase in demand for educational services for theKorean community in the country.
The number of Koreans in Vietnam has risen nearly 50-fold over the lastdecade to around 100,000, according to Savills. Some 80 percent live in HCM City,with the remainder in Hanoi, Binh Duong, Dong Nai, Vung Tau, Bac Ninh, andelsewhere.
The figure is likely to increase in the years to come, opening up newbusiness opportunities in products and services, such as education, provided exclusivelyfor Korean customers./.
VNA
