Latest News- Higher Education Market in Vietnam: Software is expected to lead the Product segment during 2025-2029

The Higher Education Market in Vietnam is being driven by Advent of changes in educational content delivery methods

The Higher Education Market in Vietnam is expected to grow at a CAGR of 15.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 616.5 million. Vietnam's higher education sector has witnessed significant internationalization efforts since the early 1990s, driven by the government's aim to strengthen political and economic ties with global trading partners and promote economic development. This trend has manifested in the increase of joint programs and internationally accredited academic offerings in the country. As of December 31, 2021, there were 408 joint training programs between Vietnamese and foreign higher education institutions (HEIs), with 186 of these collaborations involving private institutions and 222 involving Ministry of Education and Training-licensed HEIs. This strategic approach to internationalization has been consistent in the last five years and continues to be a priority for Vietnam's educational landscape. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Software
  • Hardware
• End-user
  • Private colleges
  • State universities
  • Community colleges
• Courses
  • Undergraduate
  • Masters
  • PhD
• Geography
  • Vietnam

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Advent of changes in educational content delivery methods
• Introduction of new higher education strategy
• Growing middle-class population in Vietnam

However, the market also witnesses some limitations, which are as follows:

• Rising cost of higher education
• Rising availability of open-source software providers
• Stringent regulations for establishing universities

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Market Scope in Higher Education Market in Vietnam Research Report

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Research Analysis Overview

The Higher Education Market in Vietnam is witnessing a surge in demand for continuous learning and professional development, with a focus on academic pursuits ranging from undergraduate degrees to doctoral programs. Vocational training, professional certifications, and digital technologies are also increasingly popular, particularly among the large youth population. Remote learning, online platforms, virtual classrooms, and interactive simulations are transforming education, offering practical skills, analytical thinking, leadership capabilities, creativity, and academic continuity. Digital technologies, such as augmented reality, are enhancing the learning experience and enabling research endeavors, career progression, and practical skills development.

Market Research Overview

In the Higher Education Market of Vietnam, firms focus on continuous learning and professional development by providing secondary schooling and undergraduate degrees. Inputs for education services include funds, teachers/lecturers, instruction materials, on-campus/online classroom instructions, writing instruments, and school campuses/learning centers. Firms excel through effective pitching and profiling, understanding industry and client business needs, and proposing superior value propositions. Streamlined resourcing and communication operations enhance workflows, with project management, resource planning, and client engagement leading to increased value perceptions and client satisfaction.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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