Factors in the Increasing Flow of International Students from Vietnam | EDUBOSTON

Factors in the Increasing Flow of International Students from Vietnam

Wednesday, Apr 25, 2018

 

Vietnamese families seek the best quality education for their children, and they perceive Vietnamese schools to be inferior to many foreign schools.  Though schools are improving, entrance to universities and top-quality secondary schools is keenly competitive and admissions scandals abound. Local papers are also filled with stories of teacher abuses. So, from the lack of quality options at home and the desire to provide their children the best quality education and opportunities for success, many families to turn to alternatives abroad.

Wealthy families may be the first to do it, and the number of high net worth families in Vietnam continues to increase rapidly, but it’s not only the wealthy that are sending their children to foreign schools. As Vietnamese economy grows, so too does its middle class, which according to Boston Consulting Group and Nielsen estimates, will include 44 million people by 2020. This growth in the middle class is the main driving factor in the growth in the number of Vietnamese students now choosing to study abroad.

The Vietnamese GDP per capita is forecasted to be $2,481 USD by the end of 2018, meaning that costs are an important consideration for Vietnamese families.  Their networks of family and friends in the US help them to be more savvy educational consumers, and many Vietnamese families take advantage of lower-cost community colleges as an entry to university study in the US.  Moreover, extended families will often band together to send one lucky student to study abroad, and the preferred destination for those who can afford it is still the United States.

Community colleges and universities receive most of these students, but more and more families are choosing to send them to study in private US high schools to give their children the best preparation and opportunity to study at US universities.  

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