THE GROWTH POTENTIAL OF VIETNAM’S PRESCHOOL SECTOR
Vietnam has one of the fastest-growing middle classes in Southeast Asia, with 33 million middle-class and well-off people by 2020 (equivalent to a quarter of the population).
By 2030 or earlier, the middle class can reach 40 percent of the population. And this group’s income is forecast to increase from US$6,000 to at least US$15,000 by 2035 and will double in 2050.
This growing middle class will lead to higher demand and consumption of luxury goods and services, such as world-class education offered by international schools.
HOW TO OPEN A PRESCHOOL IN VIETNAM?
Foreigners may invest in the establishment of educational institutions in one of two ways:
✔100 percent foreign-owned education institutions; and
✔Joint venture education institutions between domestic and foreign investors.
Foreign investors must meet the following requirements to open a preschool in Vietnam legally:
👉 The foreign investor’s proposal for establishing a preschool must meet the requirements of the local education network and social-economic development by the state regulatory authority.
👉 The preschool’s establishment proposal needs to state the mission, objective, curriculum, and framework clearly and precisely.
👉 The proposal must also detail other information such as intended preschool construction location, land use and location, equipment, and other facilities, organizational structure, management and personnel, financial and other resources, construction and development strategies, and guidelines.