WHY SHOULD YOU INVEST IN STUDY ABROAD CONSULTANCY IN VIETNAM

WHY SHOULD YOU INVEST IN STUDY ABROAD CONSULTANCY IN VIETNAM

For decades, studying abroad has been seen as a trend of many countries around the world. In Vietnam, studying abroad has gradually become popular and growing over the past decade. The development of the study abroad trend has increased the number of domestic study abroad consulting companies and foreign-invested study abroad companies in Vietnam. And for more reasons to invest in study abroad consultancy in Vietnam, please refer to the information in this article of Siglaw.

Overview of the study abroad consulting industry

The current study abroad consulting industry in Vietnam is assessed to develop strongly in the future by the international integration and cooperation in education between Vietnam and many countries around the world. Investors who invest in study abroad consultancy in Vietnam are often based in major cities of Vietnam such as Hanoi, Ho Chi Minh City, Da Nang. The business services of the study abroad consulting company include:

• Organize enrollment and enrollment of students for study abroad programs
• Consult, introducing general and detailed information about education policies of host countries
• Advise on choosing schools, professions and courses suitable to the learning goals, financial level as well as living desires of learners
• Organize study abroad consultancy programs, seminars, conferences and exhibitions in accordance with the provisions of law
• Organize sending international students, their families and guardians abroad to find out directly the training place in accordance with the provisions of law
• Organize refresher courses on necessary skills for Vietnamese who will study abroad
• Perform a number of other activities related to study abroad consulting services in accordance with the provisions of law

Why should you invest in study abroad consultancy in Vietnam?

After opening up and integrating into the international economy, Vietnam has created many opportunities for foreign investors to invest in the field of studying abroad in Vietnam

The demand for studying abroad in Vietnam increased sharply

Currently, the demand for studying abroad of Vietnamese students is considered to be developing very strongly. According to a recent survey, each year more than 100,000 Vietnamese choose to study abroad, and at the same time, they are also willing to pay a large amount of money for study abroad needs.

The increasing demand for studying abroad comes from many reasons, including some typical reasons such as:

• Students find that studying abroad will help them have more competitive advantages in the labor market with a degree from a prestigious university abroad
• The rapid pace of economic development in Vietnam has led to the rise of the middle class or families who can afford to serve their children’s study abroad needs
• Countries such as USA, Australia, Germany, South Korea, Japan,… has introduced many types of quality scholarships (Government scholarships, full scholarships, partial scholarships,…) with support policies on tuition fees, places to live, settlement and job opportunities.

Policies to encourage and attract investment in study abroad consultancy of the Government of Vietnam

According to the provisions of the 2020 Investment Law, the study abroad consulting profession is not in the group of industries restricted from business investment or prohibited for foreign investors when investing in Vietnam. At the same time, in bilateral agreements, Vietnam has signed with a number of countries around the world such as Japan, the US, China,… There are no distinctions or restrictions on the study abroad consulting profession.

Currently, foreign-invested enterprises are allowed to do business and conduct study abroad consultancy in Vietnam and meet the business conditions prescribed by Vietnamese law.

In addition, the Government also introduced policies to attract foreign investment in study abroad consultancy in Vietnam, including: (1) Creating an attractive investment environment, (2) Ensuring basic rights of investors such as ensuring losses, ensuring non-deprivation,  transfer or send foreign exchange,… (3) Tax incentives such as import and export tax, personal income tax, personal income tax,…

Policies to encourage study abroad of the Government of Vietnam

In recent years, the Government of Vietnam has been implementing educational policies aimed at encouraging and creating conditions for Vietnamese students to have more opportunities to study in countries with leading education in the world.

For free and in-depth advice on investing in study abroad consultancy in Vietnam, please contact:

Siglaw Law Firm

Phone: (+84) 961 366 238

Email:

• vphn@siglaw.com.vn
• vphcm@siglaw.com.vn

Headquarters: Floor 12A Sao Mai Building, 19 Le Van Luong Street, Nhan Chinh Ward, Thanh Xuan District, Hanoi City.

Southern branch: No. 99 Cong Hoa, Ward 04, Tan Binh District, Ho Chi Minh City.

Central branch: 177 Trung Nu Vuong, Hai Chau District, Da Nang City

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