According to Ministry of Planning and Investment (MPI), in 1998-2005, Vietnam established three new universities and eight junior colleges as well as upgrading 32 junior colleges into universities and 40 vocational schools into junior colleges.

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By the way, the minimum investment rate is $7,500 per student and minimum investment capital of $15 million. 

According to the Schedule of Specific Commitments in Services (part II) of Vietnam’s Protocol of (WTO) Accession educational services are permitted “only in technical, natural sciences and technology, business administration and business studies, economics, accounting, international law and language training fields.”

100% foreign-invested education entities have been permitted as of 1 January 2009.