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English-certificate providers run afoul of Vietnam’s education regulators

Vietnam’s Ministry of Education has found that 146,600 English language learners in Vietnam have International English Language Testing System–known more commonly as IELTS–certificates that were ‘inappropriately issued’. In short, a change in regulations meant that foreign language certificate issuers would need to get approval from the Ministry of Education to issue IELTS certificates. It looks as though there was some confusion around this and as a result two of the biggest IELTS certificate providers–IDP and the British Council–were not approved to issue IELTS certificates between January and November of 2022.

It has not been clear what will happen to the bulk of these certificates, however, the initial  56,200 reported earlier this month were given the okay by the Ministry of Education on May 9 anyway.

Red tape, regulatory requirements, and working with the local authorities can be challenging in Vietnam’s education sector. That said, Vietnam’s booming economy has seen huge numbers of foreign firms enter the market and foreign tourists visit the country. This has created a huge demand for English language courses and the proliferation of English language learning centres around the country–it may have its challenges, but it can also be very profitable.

For more information see: How to Start an English Centre in Vietnam: Ultimate Guide 2024

latest news

Vietnam’s adds US$2.8 billion in registered FDI, July [data set]

Vietnam added another 278 foreign direct invested projects to its 2024 tally in July, along with just over US$2.8 billion in additional capital commitments, according to data from Vietnam’s Ministry of Planning and Investment. The biggest gains were in manufacturing and processing which added 96 new projects and US$1.97 billion.

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Vietnam credit growth reaches 6 percent to June

Of note, last year, credit growth limits languished for the better part of the year. In October, however, when it became clear that the same 14 percent credit growth target would not be hit, Vietnam’s banks embarked on some very aggressive marketing campaigns. Rising bad debts in the first six months of this year, however, could suggest there were some quality issues with these loans.

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US logistics, supply chain management firm opens Vietnam office

Of note, in 2023 Vietnam’s transportation and storage sector surpassed VND 502.56 trillion or US$19.807 billion, constituting 4.92 percent of the country’s total GDP.  This could represent broad opportunities for foreign firms, however, foreign ownership limits in logistics services can be very restrictive. For example, foreign firms are prohibited from owning more than 34 percent of an airline…

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Vietnam News Roundup: July 19 to July 25

This week’s Vietnam news roundup covers foreign trader stock market activity, bad debts, GDP targets, offshore wind developments, a new waste-to-energy plant in HCMC, soft drink market forecasts, and the latest developments in Vietnam’s quest to have its designation as a ‘non-market’ economy revoked by the US Department of Commerce, and more…

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Vietnam bad debt hits 6.9 percent

Of note, pursuant to amendments to Circular 39 made in June, loan applications for less than VND 100 million or about US$4,000 no longer need to detail a plan for the borrowed funds. Also back in November and December of last year, to meet annual credit growth targets, Vietnam’s banks embarked on some pretty aggressive lending campaigns that saw credit growth jump considerably but in what looked like mostly consumer loans. It could be that some of these loans are now turning bad…

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