Vietnam sees increasing investment in education: report
Investment in education in Vietnam tended to increase steadily over the past decade, according to a report by the Vietnam National Institute of Educational Sciences (VNIES).
Participants pose for a group photo at the event. (Photo: vnies.edu.vn)
The report annalysing the education sector during 2011-2020 was released at a seminar in Hanoi on August 8.
According to the report, the investment in the education sector accounted for more than 18% of the total state budget expenditure, but was still lower than the set rate of 20%.
Talking about the outcomes of the analysis at the event, Prof. Dr. Le Anh Vinh, head of the institute, said Vietnam achieved impressive results in the Programme for International Student Assessment (PISA), an international study that was launched by the Organisation for Economic Cooperation and Development (OECD) in 1997. It now covers over 80 countries, the PISA survey provides comparative data on 15-year-olds’ performance in reading, mathematics and science every three years.
According to Vinh, in the 2012’s and 2015’s editions of the survey, the average score of Vietnamese students outperforms their OECD peers in all subjects, except reading comprehension.
On the quality of general education in Vietnam, the expert said primary education has been successful in equipping 5th graders with basic reading, writing and math skills. Specifically, 70-84% of grade 5 students met the minimum standards in mathematics (multiple choice test) and Vietnamese in the 2013-2014 academic year. However, secondary and high school students failed to maintain this ratio. In the same school year, only 45% of 9th graders met the math standards, with the rate being 53% for English. The rates for 12th graders in the 2014-2015 academic year were 52% and 40%, respectively.
At the undergraduate level, the number of students grew strongly in 2014, decreased slightly in 2018 and bounced back in 2019. In 2018, there were more than 108,000 students studying abroad, equal to 3.6% of Vietnam’s total. The percentage of university graduates also increased sharply in 2015 and 2016 and declined slightly in 2019.
In 2018, 65.5% students from 181 universities and 40 colleges secured jobs after graduation./.
Wolfoo, a YouTube children’s animated web series, which has reached more than 2 billion views a month, has changed the world’s stereotypes on Vietnamese products.
Under the circular, the State Bank of Vietnam told banks to reschedule debt repayments to help customers affected by the COVID-19 pandemic until June 30 this year.
JPMorgan analyst expects 20 percent of iPad, 5 percent of MacBook, 20 percent of Apple Watch and 65 percent of AirPods production to be located in Vietnam in 2025.
Concerns are increasing in the stock market after the State Bank of Vietnam (SBV) raised regulating interest rates and withdrew VND56 trillion (over US$2.3 billion) last week.
This morning, 75-year-old teacher Nguyen Ngoc K, who inspired many generations of students with his determination to rise up in life, passed away at his home in Thu Duc City.
Super Typhoon Noru, one of the four strongest storms in 20 years, made landfall in the central region of Vietnam at daybreak today, September 28, toppling trees, damaging houses and construction works, blowing away roofs and causing flooding.
Coming to Yen Tu relic site in Quang Ninh province – Vietnam’s major Buddhist centre, tourists can also experience traditional crafts such as making hats, bamboo handicrafts, and wood carvings.
The Ministry of Industry and Trade (MoIT) is drafting a Prime Minister's Decision on the mechanism for adjusting the average retail electricity price.
Disbursement of foreign direct investment (FDI) in the first nine months of this year reached 15.4 billion USD, up 16.2 % year-on-year and marking a record high, a report from the Foreign Investment Department (FIA) has shown.
Minister of Foreign Affairs Bui Thanh Son paid an official visit to Germany from September 26-27 at the invitation of his German counterpart Annalena Baerbock.
The Cancer Centre under the National Paediatrics Hospital, revealed the information in the programme "Con thuyền mơ ước" (Ship of Dreams) to improve people's awareness of children's cancer on Sunday in Hanoi.
“Let's make 2023 the year that marks the beginning of a new era for both Japan and Vietnam," said Japanese Vice Minister of Defense Yasuhide Nakayama in a talk with VietNamNet.
While woodwork companies are lacking new export orders amid high inflation in the US and Europe, food-processing companies are not receiving new orders because of rising input material prices.
The wholesale and retail industries took the lead in new foreign-invested projects in the January-September period, according to the Ministry of Planning and Investment.