image
By Asia Education Review Team , Monday, 25 March 2024

Vietnam in the Top 5 Countries for Fastest-Growing International Schools

  • Vietnam ranks within the top five countries globally in terms of the proliferation of newly established international schools, experiencing a 5% growth over the span of two years. According to a report released by ISC Research in February 2024, there are over 14,000 international schools worldwide, catering to a student population of 6.9 million. These schools generate a combined annual revenue of $60.9 million from tuition fees.

    The number of teachers employed at these schools exceeds 664,000, marking a notable 13% rise compared to figures from five years ago. India leads in the surge of international school establishments, with a remarkable 10% growth observed from 2022, reaching a total of 923 schools.

    The United Arab Emirates comes next, experiencing a 9% increase to reach 748 schools, while China secures the third spot with a 6% growth, totaling 1,106 schools. Vietnam and Japan both witness a 5% growth; however, the report does not provide precise figures for the number of international schools in these countries.

    According to a report from the International Schools Database in 2022, Vietnam boasts more than 120 international schools spanning from kindergarten to high school levels, predominantly concentrated in Hanoi and Ho Chi Minh City (HCMC). Japan, on the other hand, hosts approximately 100 international schools. ISC Research noted a significant surge in demand for international schools in Vietnam.

    Since 2019, there has been a 42% increase in the count of international schools within the country, accompanied by a 30% rise in student enrollment. Concurrently, the total revenue of these schools has surged by 58%. Notably, several institutions have disclosed annual tuition fees ranging from VND500-900 million ($20,150-36,270).

    According to the report, the existence of international private schools in Vietnam not only appeals to wealthy parents but also fosters greater recognition of international education within the country. In terms of continental distribution, Asia boasts the largest share of international schools globally, constituting 57%, trailed by America and Europe at 14-15% each. Africa holds 12%, while Oceania accounts for 2%.