Market Report: Vietnam
One of BMI's favourite recruitment markets due to its consistent, steady growth and strong economic forecasts.
Hello
Market Report: Vietnam
One of BMI's favourite recruitment markets due to its consistent, steady growth and strong economic forecasts.
Vietnam has been one of the best countries for international education recruiters for several years running, making it one of our favourite emerging markets. All signs continue to point up: demand for education abroad, outbound students, incomes, economic forecasts and gradual reforms to the country’s own education system.
BMI partnered with international education marketing experts Jackfruit Marketing to produce this robust report covering a wide range of statistics and trends.
Read on to learn more about this fantastic education market, and contact us for help or advice when recruiting in Vietnam.
The current population as of April 2019 is 97,200,930 and the median age is 30.9 years old. These numbers are expected to grow to 106,283,600 by 2030 (median age: 36.9) and 114,629,852 by 2050 (median age: 42).
As the rise in median age indicates, Vietnam will need to plan for an ageing population in the future. Indeed, the youth community (ages 0-14) was almost 40% of the total population back in 1989, but it has been declining ever since then and as of 2018, sits at a mere 23% of the population. This age group will drop to 19,148,700 by 2025 but is projected to rebound to nearly 22 million by 2030.
As of 2016, the 15-24 year old population group made up approximately 17% of the total population. Meanwhile, as of October 2017, about 55% of the population was below the age of 34.
The Trends and Challenges section of our report goes into further details regarding the hurdles Vietnam will face due to an ageing society in the future.
In 2018, 11 localities reported an ‘abnormal’ increase of student class sizes in primary schools owing to a boom in the number of children born in 2012, the Year of Dragon. It was believed by Vietnamese people to be one of the best years to have children, as they will be destined to have a prosperous life in the future.
Tip for long term strategic planning!
Students born in 2012 will start shopping for international education from the years 2025-2030, which coincides nicely with the forecasted rising number of middle class families, as outlined in the Economic Strength section of this report.
The country is divided administratively into more than 64 provinces (tinh), of which Hanoi, Haiphong, Da Nang, Ho Chi Minh City, and Can Tho are municipalities (thanh pho).
These are further subdivided into several dozen urban districts (quan) and hundreds of rural districts (huyen).
Hanoi
Hue
Ho Chi Minh City (Saigon)
The Socialist Republic of Vietnam was established
Vietnam was admitted to the Association of Southeast Asian Nations (ASEAN)
Foreign and joint venture banks were allowed to offer a full array of services
Vietnam joined the World Trade Organization (WTO)
Formal establishment of the ASEAN Economic Community
New Year’s Day
Traditional New Year and the most important holiday - The lunar new year celebration, known as Tet, is a time of feasting, visiting and exchanging gifts
Hung Kings’ Commemorative Day
National Reunification Day
Labour Day
Vietnam National Day
Association of Southeast Asian Nations (ASEAN)
ASEAN Qualifications Reference Framework (AQRF)
ASEAN Credit Transfer System (ACTS)
Asian International Mobility for Students (AIMS) programme
Support to Higher Education in the ASEAN Region (SHARE)
first_and_second_active
["Fall2022","Spring2023"]
first