Saturday, 24 Aug 2019

Vietnam spends 5.8% of GDP on education

Updated at Wednesday, 23 Jan 2019, 16:50
The Hanoitimes - The Vietnamese government has also approved 530 joint training programs between local and foreign universities.
Vietnam allocates 5.8% of GDP per year on education and is one of the countries with great interest in education, a Vietnamese minister has said.

Vietnamese Minister of Education and Training Phung Xuan Nha revealed the information at the World Education Forum held in London on January 20-23, Vietnam News Agency reported.
Minister of Education and Training Phung Xuan Nha and key speakers at the World Education Forum 2019. Photo: VNA
The minister added that if the family's contribution is included, this figure reaches 8% of GDP, showing an interest in education in every Vietnamese family.

Vietnam's GDP increased 7.1% in 2018 to reach some US$240 billion.

In recent years, the Vietnamese government's investment on education has been increasing, maintaining 20% of total budget expenditures, Nha noted.

At the event, he talked about the relationship among teachers, families, students and the community to create a practical and effective education. Nha also mentioned three aspects, namely equality, investment in education and efficiency.

The minister added that as of December 31, 2018, Vietnam had attracted 455 foreign invested projects in education with total capital of more than US$4 billion. The
Vietnamese government has also approved 530 joint training programs between local and foreign universities, including more than 80 programs with British schools. 

However, the minister also acknowledged that Vietnam’s education has still encountered many challenges. Vietnamese students have achieved high results in exams but their soft skills and learning motivation remain weak.

The World Education Forum is the largest forum for education ministers around the world held annually in London. This year's forum attracted 1,263 delegates from 95 different countries. 

The forum aims to discuss future education policies. During the three-day forum, attendees listen to in-depth presentations from pioneering educational researchers, policy makers and educational experts. 

The education forum is organized under the sponsorship and assistance of the UK’s Foreign Office, the Department for Education, the Department for International Trade, the British Council and some partners in the field of education.
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