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FDI in education is shifting direction

 

21/01/2015

 

 A good number of FDI projects in educationhave shifted direction to other provinces outside Ha Noi and Ho Chi Minh cities.

 

Potentials in economicdevelopment and favorable conditions offered by the leaders of the localitiesand investors of infrastructure are importan factors for FDI projects ineducation to shift out of Ha Noi and Ho Chi Minh cities.

KinderWorld group (Singapore)has lately proposed with Binh Dinh provincial People’s Committee (PPC) 02projects, namely Vietnam - Singapore International School and Outward BoundSchool in Quy Nhon city. Mr Ricky Tan Teck Yong, Chairman of KinderWorld group spokehighly of the economic development potentials and investment attraction in BinhDinh. He emphasized that with the aim of providing education service forlearners of different ages from primary school to university and also for workingpeople, two projects are expected to support the economic growth in Binh Dinh.

The project is the startof expanding to potential provinces such as Vinh Phuc, Binh Dinh, Khanh Hoaafter the success of 14 schools of international Vietnam-Singapore model (SVIS)in Ha Noi, Da Nang, Ho Chi Minh, Vung Tau and Binh Duong.

Before that, in July2014, Khanh Hoa PPC approved in principle for KinderWorld, via PegasusConsulting and Investment Joint Stock Company, to invest in constructing PegasusInternational University in order to train high quality human resource intourism and hotel. The project is planned to have total capital of USD 16million, covering 6ha in My Gia urban area (Vinh Thai commune, Nha Trang city)

In October, PegasusConsulting and Investment Joint Stock Company received an investmentcertificate for Outward Bound Training Centre. This is the first FDI project ineducation in Vinh Phuc.

In Hung Yen, in themiddle of October 2014, the PPC granted investment certificate for Tokyo MedicalUniversity project in Ecopark. It will be the first international medicaluniversity in Vietnam with infrastructure and quality of internationalstandard, which provides modern environment for research and teaching. Theproject has total capital of USD 20 million with expected training capacity ofaround 1,500 students.

In July 2014, BritishUniversity Vietnam (BUV) project was officially granted investment certificateat its location in Ecopark (Hung Yen province), covering 6.5 ha with capital ofUSD 60 million. The university has training capacity for approximately 10,000students.

Though the enrollmentinto BUV was lower than expected, Mr Graeme Davies, The Dean of BUV stressedthat new establishment of education in Ecopark is a good foundation for BUV operationin Vietnam because ‘investment in education is long-term investment for futureand BUV is committed to investing in Vietnam”.

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