February 28, 2024

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Vietnam E-Learning Segment Could Reach US$ 3 Billion by 2023

By 2023, the country’s market for online learning is estimated to reach revenues of around US$3 billion, with a compound annual growth rate of about 20.2% from 2019-2023. Experts note the educational technology (EdTech) market is attracting investors as it holds great potential, especially in the context of the COVID-19 pandemic and the subsequent changes in daily operations. Vietnam was listed in the top ten fastest-growing EdTech markets globally, posting annual growth of 44.3%, according to the Vietnam Edtech Report 2021.

In 2021, the country’s status moved from ‘pandemic response education’ to ‘pandemic adaption education’ amid the complicated developments of the pandemic. A news report explained that this year, EdTech will pioneer technology when the demand for digital platforms for learning increases. The Director of the Department of Market Development and Science and Technology Enterprises (under the Ministry of Science and Technology), Pham Hong Quat, noted that the country should boost “open innovation” to attract more resources to further promote the start-up innovation ecosystem in general and the EdTech field in particular. He also hoped that universities will focus on implementing cooperation agreements with foreign universities towards meeting the needs of businesses in the future.

At the end of 2021, the Ministry of Information and Communications (MIC) and the Ministry of Education and Training (MoET) announced a collaboration to digitally transform the education sector. The two ministries said they would compile assessment criteria and information safety standards for online learning platforms. As OpenGov Asia reported, from September to November of last year, the government installed Internet connections to facilitate online learning at 1,000 locations, and installations at the remaining targeted regions were completed in January this year. As around eight million households currently have yet to gain access to fibre-optic cable Internet services, MIC has urged providers to ensure fibre-optic Internet connection for all households in Vietnam before 2025.

A programme launched by the Prime Minister had handed over more than 100,000 computers to help students learn online. It also accelerated the installation of internet connections in remaining locations with a budget of some VND 3 trillion (US$131.54 million), while reducing online learning tuition fees totalling VND 500 billion (US$22 million) for some student groups. Vietnam has developed six online learning platforms, which are being used by about 10 million students.

During the 15th National Assembly’s second sitting, MIC claimed that the national digital transformation programme prioritises digitising education and training. The programme, which was launched in 2020, aims to develop a digital government, economy, and society and form Vietnamese digital technology enterprises capable of going global. Under the strategy, the government aims to use technology to help deliver better quality services, support efficient decision-making, formulate better policies, optimise resources, and aid socio-economic development. Other tasks include operating specialised network infrastructure securely, connecting four administrative levels from the central to the commune level, and building a government cloud computing platform.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

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SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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