While many businesses have been forced to shut down due to COVID-19, Edtech firms have been emerging and attracting investors’ attention as many people tend to switch to online learning.
Hanoi (VNA) – While many businesses have been forced to shut dow🌼n due to COVID-19, Edtech firms have been emerging and attracting investors’ attention as many ᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚpeople tend to switch to online learning.
In March 2020, ELSA, an Edtech startup, opened its system for people to access free English pronunciation lessons, resulting in soaring numbers of visits and installations. In February this year, the platform had dozens of millions of users and successfully secured an investment of 15 million USD.
In June, the educational group EQuest unveiled that it received a sum worth up to 100 million USD from the leading global investment firm KKR.
A report by Do Ventures, a venture capital fund focusing on the technology sector in Vietnam and Southeast Asia, showed that Vietnam is the most attractive investment destination in the region. It predicted in the coming time, investors will focus on education, health care, and financial services.
Illustrative photo (Source: VNA)
According to Le Hoang Uyen Vy, CEO of Do Ventures, Edtech has four major segments, which are content (pre-recorded lessons in the form of videos or question banks), live-class (online classes with teachers), OMO (Online Merge Offline model), and B2B (business to business marketing methods).
The first phase of Vietnam's Edtech market, emerging from content, starts to move to the live-class segment, she noted.
The expert said under the COVID-19 impact, online learning has become essential and it is a good time for Edtech startups to create breakthroughs./.
A school management platform called MISA QLTH was introduced by the Ministry of Information and Communications (MIC) on October 9 with a view to helping promote digital transformation in Vietnam.
The 2019-2020 school year was a special year for the education-training sector when the COVID-19 pandemic posed numerous difficulties, but the sector had managed to finish the academic year with success, according to Minister of Education and Training Phung Xuan Nha.
The United Nations Children's Fund (UNICEF) and US non-profit organisation STEAM for Vietnam Foundation on June 15 announced a new long-term partnership to provide children in Vietnam with equitable learning opportunities on STEAM (Science, Technology, Engineering, Arts and Math) related areas, both online and offline, which meet globally recognised standards.
As Vietnam’s digital transformation accelerates, both the frequency and severity of cyberattacks are growing. The National Cybersecurity Association (NCA) reported that in 2024 alone, there were some 659,000 separate cybersecurity incidents, impacting around 46.15% of government agencies and businesses.
A key highlight will be the technology cluster pavilion, showcasing top enterprises selected for their innovation, market potential, and practical applications. These firms will display flagship products and solutions, supported by government policies to strengthen the tech sector.
Since 2022, more than 500 Vietnamese startups have engaged in Google’s Startup Academy, Google for Startups Accelerator, and Google Startup Masterclass. Nearly 100 of these firms received support to develop and improve their products, benefiting more than 300,000 customers and creating over 300 new jobs through successful fundraising and team expansion amidst Vietnam’s competitive economy.
Over the past three decades, Binh Duong has cemented its status as one of Vietnam’s most dynamic industrial hubs, building a robust foundation in manufacturing, exports, and investment. The province now has 30 operational industrial parks spanning over 13,000 hectares, with an occupancy rate exceeding 90%.
The diplomat emphasised that Vietnam places the highest priority on the development of science, technology, and innovation, viewing them as critical drivers for the country’s advancement in the new development era.
The PM revealed Vietnam’s plan to develop nuclear power in the near future, and called on the Swedish side to assist Vietnam in developing and refining legal and policy frameworks for the use of nuclear energy for peaceful purposes; training and developing human resources; ensuring nuclear safety; and conducting training and drills to improve incident management capabilities.
More than an art showcase, the second “Technology with heart” contest seeks to inspire innovation and spotlight the humanistic values that technology can bring into daily life, expected to contribute to a sustainable digital future.
The average speed of the national mobile broadband network remained stable, with download speeds reaching 76.86 Mbps and upload speeds reaching 26.98 Mbps.
Under the MoU, AMD will support several key initiatives spearheaded by HCM City’s authorities, including piloting policies, co-hosting innovation events, and evaluating the investment environment within the Saigon Hi-Tech Park.
The centre is a joint initiative between Australia’s Department of Foreign Affairs and Trade and Vietnam’s Ministry of Science and Technology, with PTIT and the University of Technology Sydney (UTS) serving as co-leads, and global telecommunications giant Nokia as founding industry partner.
The new centre, staffed by a team of scientists, researchers, and AI specialists working in Hanoi and Ho Chi Minh City, forms part of Qualcomm’s global AI research group.
As a flagship initiative of the community project “Digital Literacy for All”, the programme forms part of a national scheme to equip 20 million young people with digital business skills.
The organisers hope the competition will help shape a generation of exceptional engineers who will make significant contributions to Vietnam’s scientific and technological progress in this era of transformation.
In the digital age and amidst the Fourth Industrial Revolution, IP plays an increasingly critical role, not only in safeguarding inventions but also in reducing copyright infringement and curbing piracy.
Ambassador Nguyen Minh Vu laid stress on the significance of the Hanoi Convention, particularly to the Asia – Pacific, to handling legal gaps in international cooperation against rapidly increasing global cybercrime.
The week features a rich lineup of activities, including a plenary conference on blockchain and AI development, thematic seminars on future technology trends and investment visions, applications of blockchain and AI in business, the Super Vietnam PitchFest, as well as forums for blockchain and AI.
According to the Politburo’s Resolution No. 57-NQ/TW, dated December 22, 2024, on making breakthroughs in the development of science, technology, innovation, and national digital transformation, this is considered a decisive factor in the development of nations. It is seen as a prerequisite and the best opportunity for Vietnam to become prosperous and powerful in the new era of the nation’s rise.
Vietnam’s demographic advantage, including a youthful population of 100 million in a “golden age”, further bolsters its ambitions. Its dynamic workforce, with a natural inclination toward science, technology, engineering, and math (STEM), is a key asset in attracting private investment to innovation-driven sectors.
Illustrative image (Photo: vneconomy.vn)
Illustrative photo (Source: VNA)
