Last year, 125,000 Vietnamese studied overseas, a 15% increase over 2012, according to the Vietnam Ministry of Education and Training (MoET). The top 10 countries are listed below. Japan climbed to #3, displacing China. Over 90% were self-financing. Using the Ministry of Finance’s higher per student estimate from 2012 (15k), Vietnamese families spent up to $1.875 billion on overseas study-related expenses. To put this figure in perspective that’s over 1% of the country’s 2013 GDP. Two-thirds of all Vietnamese studying overseas last year were in enrolled in colleges and universities in the top five (5) countries.
1 Australia 26,015
2 US 19,591
3 Japan 13,328
4 China 13,000
5 Singapore 10,000
6 France 6,700
7 Taiwan 6,000
8 UK 5,118
9 Russia 5,000
10 Germany 4,600
[…] over 90% of outbound students are self-funded and total spending on overseas education amounted to roughly 1% of GDP in 2013. A market commentary prepared by Canada’s Department of Foreign Affairs adds, “While both […]
[…] The country’s youthful population – 45% are 25 years of age or younger – is therefore highly motivated and increasingly able to pursue studies abroad. As Dr Ashwill has noted, over 90% of outbound students are self-funded and total spending on overseas education amounted to roughly 1% of GDP in 2013. […]