Vietnam’s e-learning market projected to hit 3 billion USD by 2023
Vietnam’s e-learning market is expected to reach revenue of around 3 billion USD by 2023 with a compound annual growth rate of about 20.2 percent from 2019-2023, according to a report by Ken Research.
Hanoi (VNA) – Vietnam’s e-learning market is expected to reach revenue of around 3 billion USD by 2023 with a compound annual growth rate of about 20.2 percent from 2019-2023, according to a report by Ken Research.
Vietnam's educational technology (Edtech) market is said to hold high potential and is drawing attention from investors, especially in the context of the COVID-19 outbreak and its complicated developments.
Vietnam was listed in the top 10 fastest growing Edtech markets globally, posting annual growth of 44.3 percent, according to the Vietnam Edtech Report 2021.
Last year, Vietnam moved from a "pandemic response education" status to "pandemic adaption education" amid the complicated developments of COVID-19.
According to observers, in 2022, Edtech will be the pioneer technology when the demand for technology platforms in education becomes high.
Pham Hong Quat, director of the Department of Market Development and Science and Technology Enterprises under the Ministry of Science and Technology, said Vietnam needs to promote "open innovation" to attract more resources in order to further promote the startup innovation ecosystem in general and the Edtech field in particular.
He also hoped that universities will become more "open", focusing on implementing cooperation agreements with foreign universities towards meeting the neꦕeds 🤡of businesses in the future./.
The Edtech Vietnam 2021 - Discovering “startup stars" contest, which aims to honour technological solutions serving digital education development at training establishments, has been launched by the National Startup Support Centre of Vietnam and the Bach Khoa Hanoi Technology Investment and Development One Member Company Limited (BK-Holdings).
Educa Corporation, a Vietnamese educational technology (Edtech) startup, has raised 2 million USD in a Series A funding round from Singapore-based ReDefine Capital Fund.
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.
Educational technology (edtech) startups in Vietnam have drawn many domestic and foreign venture capital funds thanks to their high development potential.
Up to 92.17 percent of Vietnamese students have returned to school, Deputy Minister of Education and Training Hoang Minh Son said at the Government’s regular press conference on April 4 evening.
Under the European Union (EU)’s global initiative on Chemical, Biological, Radiological, and Nuclear (CBRN) Risk Mitigation Centres of Excellence (CoE), Vietnam has implemented numerous projects aimed at strengthening national capacity in detecting, preventing, and preparing for CBRN-related threats.
The course aims to promote knowledge exchange between scientific and educational schools from different countries, while deepening participants’ expertise in modern technology and technical education. It comprises two main specialisations of electronics-automation and nuclear technology.
ANTARA and VNA can design global-scale cooperation programmes or joint media campaigns, demonstrating the comprehensive strategic partnership between Vietnam and Indonesia, as well as the cooperation between the two national news agencies.
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.
Illustrative image (Photo: VNA)
