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 objective to strengthen political and economic ties with global trading partners and promote economic development. This trend has resulted in a substantial increase in joint programs and internationally accredited academic offerings. As of December 31, 2021, there were 408 joint training programs in place between Vietnamese and foreign higher education institutions (HEIs). Among these, 186 collaborations involved private HEIs, while the remaining 222 were facilitated by the Ministry of Education and Training-licensed institutions. This strategic approach to internationalization has been instrumental in enhancing Vietnam's global educational reach and competitiveness. 

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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
  • APAC

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 significant growth with a focus on continuous learning and professional development. This includes secondary schooling leading to undergraduate and postgraduate degrees at universities, colleges, institutes, and vocational training centers. Digital technologies are transforming academic pursuits through online learning platforms, virtual classrooms, interactive simulations, and augmented reality. Youth population's educational needs are met with certificates, diplomas, professional certifications, doctoral programs, and practical skills training. Career progression and research endeavors are enhanced through these offerings, as well as the development of analytical thinking, leadership capabilities, and creativity. Educational technology, remote learning, academic continuity, and digital tools are essential for this evolving landscape.

Market Research Overview

In the dynamic higher education market of Vietnam, continuous learning and professional development are key priorities for students and institutions alike. Inputs in this sector encompass various elements such as funds, human resources in the form of teachers and lecturers, instructional materials, on-campus and online classroom instructions, writing instruments, and school campuses or learning centers. To effectively cater to this market, firms must engage in pitching and profiling operations, ensuring a deep understanding of industry and client business requirements, proposing superior value propositions, and building networks and brands to attract top talent and generate better referrals. Simultaneously, resourcing and communication operations are crucial for streamlining workflows, managing projects, planning resources, enhancing client engagement, and communicating effectively, ultimately increasing the likelihood of positive 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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