Online education market in Vietnam will reach three billion dollars in 2023 | Society

by time news
Illustration photo. (Source: VNA)
Hanoi (VNA)- It is estimated that the Vietnamese market for online education reach three billion dollars in 2023, with an annual growth of 20.2 percent in the period 2019-2023.

According to a report by the Ken Research organization, in 2021, Vietnam adopted the “pandemic-adapted education” policy, and as a consequence, educational technology will be the pioneer this year, especially when the demand for the use of digital platforms in this field becomes an essential necessity.

Pham Hong Quat, head of the Department of the Market and Scientific and Technological Companies, of the Ministry of Science and Technology, confirmed the need to promote creative innovation to attract resources and develop the entrepreneurial ecosystem in general and in the Edtech sector in particular.

He recommended that universities become more open. Specifically, he said, it is necessary to promote cooperation agreements and programs with foreign institutions in order to solve the resource needs of companies in the future.

According to a report from the Educational Technology of Vietnam 2021, the country was among the top 10 educational technology markets with the highest growth rate in the world, some 44.3 percent./.

VNA

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