Saigon Star International School has been forced to vacate its premises after it failed to make payments as part of a deal to acquire the property on which it currently operates.
This is significant in that it is another in a series of international school closures on poor financial management. Of note, Green Shoots International School in Hoi An closed down last year leaving parents out of pocket and the American International School Vietnam (AISV) in Ho Chi Minh City was also closed down earlier this year.
A big part of the problem looks to be these international schools offering hefty discounts for upfront payments that in hindsight have been insufficient to cover their expenses. This was more or less what happened at AISV and looks to be the same case for Saigon Star per this article from Tuoi Tre.
See also: Education in Vietnam