Education
Opportunities for Vietnamese EdTech firms abound
Published
2 months agoon
Vietnam’s EdTech (Education Technology) has grown fast, especially after the COVID-19 pandemic. The sector is expected to develop further this year if it can overcome the challenges in the post-pandemic period.
In Vietnam, Galaxy Education is one of the largest and most well-known EdTech firms.
Offering online learning courses on the HOCMAI (Study Forever) for 15 years, Galaxy Education has pioneered courses for learners at all ages.
The firm currently has over seven million trainees and 600,000 online lectures under many forms, such as asynchonorous learning, synchonorous learning, and hybrid learning.
Pham Giang Linh, CEO of Galaxy Education, told Tuoi Tre (Youth) newspaper that the EdTech market in Vietnam was formed in 2006-07, or the first stage of the Internet economy in the Southeast Asian country.
However, since 2016, especially in 2020-21, online teaching and learning demands have increased due to the COVID-19 pandemic and the local EdTech sector has been thriving.
Linh added that the prospect of Vietnam’s EdTech is bright. In 2022, Vietnam had more than 100 new EdTech firms and attracted a huge foreign investment in the sector.
Some EdTech companies, such as Topica, ELSA, CoderSchool, Edmicro, Vuihoc, and Educa, have mobilized investments totaling millions to tens of millions of U.S. dollars.
Domestic groups, including Viettel, FPT, and VNPT, have also invested in and expanded their online education ecosystems.
At EDUtech Asia, Asia’s largest conference and exhibition for educators and EdTech providers held in Singapore in November last year, experts assessed that Vietnam’s EdTech market, besides its potential, benefited from external factors in 2021 and 2022.
In particular, in July 2021, China issued regulations hindering foreign investment in education, forcing many EdTech firms to withdraw from this market.
Meanwhile, EdTech companies in India have been stagnant so they have found it hard to seek new capital resources, according to data from Fintrackr, a media platform for entrepreneurs, startups, and technology enthusiasts.
In 2022, only five Indian EdTech firms successfully called for large investments.
In this context, international experts at EDUtech Asia said large EdTech firms are seeking a new environment in Southeast Asia, including Vietnam. The trend will go on in the coming time.
The Vietnamese EdTech market will likely generate revenue of some US$3 billion this year.
The country’s EdTech annual growth has reached 20.2 percent in 2019-23.
Ho Chi Minh City: A bright spot
Huynh Kim Tuoc, director of the Saigon Innovation Hub under the Ho Chi Minh City Department of Science and Technology, said technological startups have paid a lot of attention to data on the digital market.
In Vietnam, the number of residents owning mobile devices and using the Internet is always high compared with that in other Southeast Asian countries.
In Ho Chi Minh City, some 80-85 percent of residents accessed the Internet in 2021. In addition, the proportion of adults using smartphones in the city reached 75.7 percent, among the leading localities in Vietnam.
According to Truong Le Quynh Tuong, director of Southeast Asia at ClassIn, an EdTech company, the EdTech market in Ho Chi Minh has been attractive to investors over the past few years as local residents are willing to spend on education.
The number of parents with wide knowledge of technology in the city is higher than that in other parts of the country. They are open to new technologies and spend big on their children’s education.
Tuong said in 2023, the EdTech market in Ho Chi Minh City and Vietnam as a whole will continue thriving as EdTech giants have regarded it as a potential market.
Many EdTech firms from Singapore, Thailand, China, India, and the U.S. have worked out plans to invest in Vietnam.
“A positive signal is that technology has become indispensable to teaching and learning activities in Vietnam after the COVID-19 pandemic. Many teachers have still prepared e-lectures and given assignments to students online.
“In Ho Chi Minh City, the municipal Department of Education and Training has set a target that digital learning activities must account for 35 percent, thus maintaining the habit of applying technology to education,” Tuong added.
The 2021 Vietnam EdTech report revealed that Vietnam achieved an EdTech growth rate of 44.3 percent, ranking among the top 10 countries with the fastest expansion in the world.
Meanwhile, a report by Ken Research, a market research and consulting firm, showed that Vietnam’s EdTech market scale will reach $3 billion this year.
Director of the Saigon Innovation Hub Tuoc said the future of the EdTech sector will be driven by the state.
Education management agencies should seek and apply effective EdTech products, considering it the digital transformation in education.
Moreover, EdTech firms should cooperate to come up with multi-functional projects and products, Tuoc added.
Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!
Vietnam’s EdTech (Education Technology) has grown fast, especially after the COVID-19 pandemic. The sector is expected to develop further this year if it can overcome the challenges in the post-pandemic period.
In Vietnam, Galaxy Education is one of the largest and most well-known EdTech firms.
Offering online learning courses on the HOCMAI (Study Forever) for 15 years, Galaxy Education has pioneered courses for learners at all ages.
The firm currently has over seven million trainees and 600,000 online lectures under many forms, such as asynchonorous learning, synchonorous learning, and hybrid learning.
Pham Giang Linh, CEO of Galaxy Education, told Tuoi Tre (Youth) newspaper that the EdTech market in Vietnam was formed in 2006-07, or the first stage of the Internet economy in the Southeast Asian country.
However, since 2016, especially in 2020-21, online teaching and learning demands have increased due to the COVID-19 pandemic and the local EdTech sector has been thriving.
Linh added that the prospect of Vietnam’s EdTech is bright. In 2022, Vietnam had more than 100 new EdTech firms and attracted a huge foreign investment in the sector.
Some EdTech companies, such as Topica, ELSA, CoderSchool, Edmicro, Vuihoc, and Educa, have mobilized investments totaling millions to tens of millions of U.S. dollars.
Domestic groups, including Viettel, FPT, and VNPT, have also invested in and expanded their online education ecosystems.
At EDUtech Asia, Asia’s largest conference and exhibition for educators and EdTech providers held in Singapore in November last year, experts assessed that Vietnam’s EdTech market, besides its potential, benefited from external factors in 2021 and 2022.
In particular, in July 2021, China issued regulations hindering foreign investment in education, forcing many EdTech firms to withdraw from this market.
Meanwhile, EdTech companies in India have been stagnant so they have found it hard to seek new capital resources, according to data from Fintrackr, a media platform for entrepreneurs, startups, and technology enthusiasts.
In 2022, only five Indian EdTech firms successfully called for large investments.
In this context, international experts at EDUtech Asia said large EdTech firms are seeking a new environment in Southeast Asia, including Vietnam. The trend will go on in the coming time.
The Vietnamese EdTech market will likely generate revenue of some US$3 billion this year.
The country’s EdTech annual growth has reached 20.2 percent in 2019-23.
Ho Chi Minh City: A bright spot
Huynh Kim Tuoc, director of the Saigon Innovation Hub under the Ho Chi Minh City Department of Science and Technology, said technological startups have paid a lot of attention to data on the digital market.
In Vietnam, the number of residents owning mobile devices and using the Internet is always high compared with that in other Southeast Asian countries.
In Ho Chi Minh City, some 80-85 percent of residents accessed the Internet in 2021. In addition, the proportion of adults using smartphones in the city reached 75.7 percent, among the leading localities in Vietnam.
According to Truong Le Quynh Tuong, director of Southeast Asia at ClassIn, an EdTech company, the EdTech market in Ho Chi Minh has been attractive to investors over the past few years as local residents are willing to spend on education.
The number of parents with wide knowledge of technology in the city is higher than that in other parts of the country. They are open to new technologies and spend big on their children’s education.
Tuong said in 2023, the EdTech market in Ho Chi Minh City and Vietnam as a whole will continue thriving as EdTech giants have regarded it as a potential market.
Many EdTech firms from Singapore, Thailand, China, India, and the U.S. have worked out plans to invest in Vietnam.
“A positive signal is that technology has become indispensable to teaching and learning activities in Vietnam after the COVID-19 pandemic. Many teachers have still prepared e-lectures and given assignments to students online.
“In Ho Chi Minh City, the municipal Department of Education and Training has set a target that digital learning activities must account for 35 percent, thus maintaining the habit of applying technology to education,” Tuong added.
The 2021 Vietnam EdTech report revealed that Vietnam achieved an EdTech growth rate of 44.3 percent, ranking among the top 10 countries with the fastest expansion in the world.
Meanwhile, a report by Ken Research, a market research and consulting firm, showed that Vietnam’s EdTech market scale will reach $3 billion this year.
Director of the Saigon Innovation Hub Tuoc said the future of the EdTech sector will be driven by the state.
Education management agencies should seek and apply effective EdTech products, considering it the digital transformation in education.
Moreover, EdTech firms should cooperate to come up with multi-functional projects and products, Tuoc added.
Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!
Source: https://tuoitrenews.vn/news/education/20230201/opportunities-for-vietnamese-edtech-firms-abound/71247.html
You may like
Education
Vietnamese students to compete in international autonomous vehicle competition
Published
5 days agoon
March 23, 2023Three teams of Vietnamese university students will compete with 21 teams from other countries in an international autonomous vehicle competition organized by Bosch in Romania in May.
Three Vietnamese teams advanced to the finals of the Bosch Future Mobility Challenge 2023 (BFMC), which will take place in Romania in May.
The teams include The Newbies from the Ho Chi Minh City University of Technology, CEEC-UIT from the University of Information Technology under the Vietnam National University-Ho Chi Minh City, and LH-CDC from Lac Hong University in Dong Nai Province.
BFMC is an international autonomous vehicle competition for students organized by the Bosch Technical Center in Romania since 2017.
Every year, the competition invites student teams from all over the world to develop autonomous driving and connectivity algorithms on 1:10 scale RC car models provided by Bosch,
The cars run in an environment that simulates a miniature smart city.
The participants are assisted by Bosch experts and faculty members at their schools to develop algorithms related to autonomous cars, and come up with a plan for self-driving cars.
In 2023, 119 teams from universities around the world registered to compete in the BFMC.
After the interview round, 74 teams met the requirements and received a 1:10 scale RC car model kit sponsored by Bosch to develop the algorithm.
Based on the videos, the judges selected 24 teams to compete in the world finals at the Bosch Technical Center in Cluj Napoca, Romania in May.
Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!
Three teams of Vietnamese university students will compete with 21 teams from other countries in an international autonomous vehicle competition organized by Bosch in Romania in May.
Three Vietnamese teams advanced to the finals of the Bosch Future Mobility Challenge 2023 (BFMC), which will take place in Romania in May.
The teams include The Newbies from the Ho Chi Minh City University of Technology, CEEC-UIT from the University of Information Technology under the Vietnam National University-Ho Chi Minh City, and LH-CDC from Lac Hong University in Dong Nai Province.
BFMC is an international autonomous vehicle competition for students organized by the Bosch Technical Center in Romania since 2017.
Every year, the competition invites student teams from all over the world to develop autonomous driving and connectivity algorithms on 1:10 scale RC car models provided by Bosch,
The cars run in an environment that simulates a miniature smart city.
The participants are assisted by Bosch experts and faculty members at their schools to develop algorithms related to autonomous cars, and come up with a plan for self-driving cars.
In 2023, 119 teams from universities around the world registered to compete in the BFMC.
After the interview round, 74 teams met the requirements and received a 1:10 scale RC car model kit sponsored by Bosch to develop the algorithm.
Based on the videos, the judges selected 24 teams to compete in the world finals at the Bosch Technical Center in Cluj Napoca, Romania in May.
Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!
Source: https://tuoitrenews.vn/news/education/20230322/vietnamese-students-to-compete-in-international-autonomous-vehicle-competition/72211.html
Education
Scandal-struck APAX Leaders English center chain chairman pledges refunds
Published
5 days agoon
March 23, 2023Nguyen Ngoc Thuy, also known as Shark Thuy, chairman of Apax Holdings JSC, the owner of the APAX Leaders English language center chain, on Wednesday promised to refund prepaid tuition fees to parents but he did not give the specific time for the refunding.
Thuy on Wednesday afternoon met with parents in Ho Chi Minh City for the first time since the start of APAX Leaders’ employee salary debt and tuition fee scandal.
|
Parents attend the meeting with leaders of APAX Leaders in Ho Chi Minh City on March 15, 2022. Photo: Trong Nhan / Tuoi Tre |
Thuy said he needed more time, claiming that refunding the tuition fees at a difficult time of APAX Leaders would put students at a disadvantage.
“We are giving the priority to the early reopening of English language centers. This is also the best way for APAX Leaders to fulfill its commitments to parents,” Thuy added.
APAX Leaders will determine the numbers of parents who will let their children continue learning at APAX Leaders centers and those who wish to withdraw tuition fees.
“It is hard to concurrently do the two jobs,” Shark Thuy said.
“We need parents’ tolerance.”
APAX Leaders CEO Nguyen Anh Tuan said APAX Leaders will resume the operation of 30-33 centers nationwide in the first phase, including four to five centers in Ho Chi Minh City.
At least nine other centers will be reopened later, Tuan claimed.
In late April, 10-12 centers will come back on stream as per the road map for the second phase.
An additional eight centers across the country will resume their opreations between late June and early July so that all APAX Leaders centers can be back active by the end of this year, Tuan noted.
He informed that APAX Leaders has identified over 1,350 students who have not completed the classes that they had paid for and the identification process is ongoing.
The chain receives parents’ information between 8:00 am and 9:00 pm every day at an APAX Leaders center on Phan Xich Long Street in Ho Chi Minh City.
“We are actively reviewing all English language center operation processes and regulations and ensuring human resources at the centers. However, the process may take about three to four months,” Tuan said.
Earlier at the meeting, T., whose child used to study at an APAX Leaders center, said he has lost faith in APAX Leaders.
He already paid nearly VND100 million (US$4,224) in tuition fees but his child has not been arranged into any class for over half a year.
For the past three months, T. has contacted APAX Leaders many times but he has yet to be refunded.
Meanwhile, the studying schedule has been repeatedly delayed due to the center chain’s so-called restructuring.
“I just need the refunds,” T. underscored.
|
Parents hold banners asking APAX Leaders to refund their tuition fees and calling on state agencies to step in. Photo: Trong Nhan / Tuoi Tre |
H., another parent, said, “Each family has their own circumstance. We have a simple order that our money be returned.”
Meanwhile, N., whose child used to study English at the Him Lam campus of the APAX Leaders chain, wanted to know the refund plan.
“We borrowed loans from banks to pay the tuition in advance, so we do not accept your vague answers. I need a specific time frame for the refunding,” said K., the father of a student.
Earlier, many parents had accused APAX Leaders of appropriating tuition fees as the chain accepted the tuition for long-term courses but failed to run classes.
Many former employees also accused the chain of owing them their salaries.
|
Nguyen Ngoc Thuy, chairman of Apax Holdings JSC, the owner of the APAX Leaders English language center chain, at the meeting in Ho Chi Minh City on March 15, 2022. Photo: Trong Nhan / Tuoi Tre |
Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!
Nguyen Ngoc Thuy, also known as Shark Thuy, chairman of Apax Holdings JSC, the owner of the APAX Leaders English language center chain, on Wednesday promised to refund prepaid tuition fees to parents but he did not give the specific time for the refunding.
Thuy on Wednesday afternoon met with parents in Ho Chi Minh City for the first time since the start of APAX Leaders’ employee salary debt and tuition fee scandal.
|
Parents attend the meeting with leaders of APAX Leaders in Ho Chi Minh City on March 15, 2022. Photo: Trong Nhan / Tuoi Tre |
Thuy said he needed more time, claiming that refunding the tuition fees at a difficult time of APAX Leaders would put students at a disadvantage.
“We are giving the priority to the early reopening of English language centers. This is also the best way for APAX Leaders to fulfill its commitments to parents,” Thuy added.
APAX Leaders will determine the numbers of parents who will let their children continue learning at APAX Leaders centers and those who wish to withdraw tuition fees.
“It is hard to concurrently do the two jobs,” Shark Thuy said.
“We need parents’ tolerance.”
APAX Leaders CEO Nguyen Anh Tuan said APAX Leaders will resume the operation of 30-33 centers nationwide in the first phase, including four to five centers in Ho Chi Minh City.
At least nine other centers will be reopened later, Tuan claimed.
In late April, 10-12 centers will come back on stream as per the road map for the second phase.
An additional eight centers across the country will resume their opreations between late June and early July so that all APAX Leaders centers can be back active by the end of this year, Tuan noted.
He informed that APAX Leaders has identified over 1,350 students who have not completed the classes that they had paid for and the identification process is ongoing.
The chain receives parents’ information between 8:00 am and 9:00 pm every day at an APAX Leaders center on Phan Xich Long Street in Ho Chi Minh City.
“We are actively reviewing all English language center operation processes and regulations and ensuring human resources at the centers. However, the process may take about three to four months,” Tuan said.
Earlier at the meeting, T., whose child used to study at an APAX Leaders center, said he has lost faith in APAX Leaders.
He already paid nearly VND100 million (US$4,224) in tuition fees but his child has not been arranged into any class for over half a year.
For the past three months, T. has contacted APAX Leaders many times but he has yet to be refunded.
Meanwhile, the studying schedule has been repeatedly delayed due to the center chain’s so-called restructuring.
“I just need the refunds,” T. underscored.
|
Parents hold banners asking APAX Leaders to refund their tuition fees and calling on state agencies to step in. Photo: Trong Nhan / Tuoi Tre |
H., another parent, said, “Each family has their own circumstance. We have a simple order that our money be returned.”
Meanwhile, N., whose child used to study English at the Him Lam campus of the APAX Leaders chain, wanted to know the refund plan.
“We borrowed loans from banks to pay the tuition in advance, so we do not accept your vague answers. I need a specific time frame for the refunding,” said K., the father of a student.
Earlier, many parents had accused APAX Leaders of appropriating tuition fees as the chain accepted the tuition for long-term courses but failed to run classes.
Many former employees also accused the chain of owing them their salaries.
|
Nguyen Ngoc Thuy, chairman of Apax Holdings JSC, the owner of the APAX Leaders English language center chain, at the meeting in Ho Chi Minh City on March 15, 2022. Photo: Trong Nhan / Tuoi Tre |
Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!
Source: https://tuoitrenews.vn/news/education/20230316/scandalstruck-apax-leaders-english-center-chain-chairman-pledges-refunds/72126.html
Education
Japanese ice plants successfully grown at Vietnamese university
Published
6 days agoon
March 22, 2023An Giang University, located in the namesake province in Vietnam’s Mekong Delta region, has managed to grow ice plants, an edible plant of Japanese origin, in the school’s net house after a decade of efforts, according to the school’s president Vo Van Thang.
Japan’s Saga University earlier provided the seedlings of ice plants, aka Tsuburina, for An Giang University to research and trial growing the plant, as part of an agricultural cooperation project between the two universities.
“It’s been around ten years since we came to Saga University and started our cooperation project,” Thang recalled.
“Our efforts to grow ice plants failed multiple times due to unsuitable climate and soil conditions.
“Therefore, we continued to study and adjust our methods to grow the plant after each failure.
“This is the first time that the plant has grown healthily in the school’s net house.”
Ice plants are edible and can be used in the cosmetics industry.
Further, it is capable of absorbing salt in the soil and is beneficial to the Mekong Delta region, which is affected by saline intrusion and climate change. Besides, ice plants are rich in nutrition.
Given the benefits of the plant, An Giang University opted to research and grow it on a trial basis, Thang said.
Saga University and some Japanese prefectures are home to many ice plant farms. The plant sells for around US$80 per kilogram in Japan.
Following the successful cultivation of ice plants at An Giang University, the school is set to expand the growing scale in the net house to examine the adaptability of the flora.
Growing the plant outside the school’s net house may be risky and cost a lot of money.
Hence, this can be done only after the expanded cultivation in the net house proves effective and enterprises make investments in the project, Thang said.
Earlier, a public organization in Vietnam reportedly piloted growing ice plants to no avail.
Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!
An Giang University, located in the namesake province in Vietnam’s Mekong Delta region, has managed to grow ice plants, an edible plant of Japanese origin, in the school’s net house after a decade of efforts, according to the school’s president Vo Van Thang.
Japan’s Saga University earlier provided the seedlings of ice plants, aka Tsuburina, for An Giang University to research and trial growing the plant, as part of an agricultural cooperation project between the two universities.
“It’s been around ten years since we came to Saga University and started our cooperation project,” Thang recalled.
“Our efforts to grow ice plants failed multiple times due to unsuitable climate and soil conditions.
“Therefore, we continued to study and adjust our methods to grow the plant after each failure.
“This is the first time that the plant has grown healthily in the school’s net house.”
Ice plants are edible and can be used in the cosmetics industry.
Further, it is capable of absorbing salt in the soil and is beneficial to the Mekong Delta region, which is affected by saline intrusion and climate change. Besides, ice plants are rich in nutrition.
Given the benefits of the plant, An Giang University opted to research and grow it on a trial basis, Thang said.
Saga University and some Japanese prefectures are home to many ice plant farms. The plant sells for around US$80 per kilogram in Japan.
Following the successful cultivation of ice plants at An Giang University, the school is set to expand the growing scale in the net house to examine the adaptability of the flora.
Growing the plant outside the school’s net house may be risky and cost a lot of money.
Hence, this can be done only after the expanded cultivation in the net house proves effective and enterprises make investments in the project, Thang said.
Earlier, a public organization in Vietnam reportedly piloted growing ice plants to no avail.
Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!
Source: https://tuoitrenews.vn/news/education/20230316/japanese-ice-plants-successfully-grown-at-vietnamese-university/72114.html

New tours aim to boost travel and attract international visitors

Việt Nam ready for Iraqi challenge at Doha Cup

Skincare essentials: your personalised guide
Binh Thuan ready for opening of Visit Vietnam Year 2023

Vietnam climbs to 10th on emerging global markets index

Việt Nam shocks Australia in U20 Asian Cup opening game

Fire at Indonesia’s Pertamina fuel storage station kills 17

Vietnam to join world’s leading tourism fair in Berlin

Scores evacuated as fire erupts in Hong Kong skyscraper

50,000 march across Australia’s Harbour Bridge for WorldPride

First Vietnamese representative at a Winter Olympic

Da Nang museums attracting domestic visitors with free entry policy

Nom, nom, Việt Nam – Episode 76: Fried cheese sticks

In Sa Pa, ethnic children forced to peddle on streets in bitterly cold night
Nom, nom, Việt Nam – Episode 74: Huế beef noodle soup
Trending
-
Your Vietnam2 weeks ago
California Fitness brings transformation challenge back to Việt Nam
-
International2 weeks ago
Shetland sanctuary fights to save seals as pollution takes toll
-
Entertainment-Sports2 weeks ago
The Local Game:I love to say I told you so
-
Business2 weeks ago
Vietnam’s Premier Tells Central Bank to Review Property Loans
-
Travel2 weeks ago
Quang Ninh province boosts tourism development with new sites and tours
-
Travel2 weeks ago
Vietnam expects to enter top 30 countries in terms of tourism competitiveness: PM
-
International2 weeks ago
Vietnam’s export prowess turns to excess
-
Travel2 weeks ago
Agritourism to become integrated economic sector: Minister