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) HCMCity (VNS/VNA) - The Republic of Korea (RoK) was the top investor in education in Vietnam in thefirst 11 months of this year with 8.2 million USD, or 57 percent of thetotal FDI inflows in the sector.
A third of the 112investors from 15 countries and territories were also from the RoK.
Visang EducationInc invested 3.34 million USD in its subsidiary to become theleader.
Le Khac Anh, head of itsmarketing department, said the demand for studying Korean is very high, givinghis company plenty of scope to expand even further.
Durable Newtech JSCannounced it is investing 2.59 million USD in the Korea Global School, a newinternational school in Hanoi.
The International Collegeof Arts invested a further 2.74 million USD in its Hanoi-based centre to add tothe 4.24 million USD it had already invested.
Poly Educational ServicesCo., added 950,000 USD to the 3.1 million USD it had invested in a foreign languagecentre in District 7, HCM City.
The fact that the RoK has remained Vietnam’s top FDI source for many years has seen a number ofKorean specialists and guest workers come to the country, triggering anincrease in demand for education from the growing Korean community in thecountry.
The number of Koreans in Vietnam has risen nearly 50-fold in the last decade to around100,000, according to the report of Savills.
Some 80 percent live inHCM City, and the rest in Hanoi, Binh Duong, Dong Nai, Vung Tau, Bac Ninh, andelsewhere.
The figure is likely toincrease in the years to come, opening up new business opportunities inproducts and services, such as education, exclusively targeted at Koreancustomers./.
VNA
