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Vietnam education prices fall in December 2024

Education costs in Vietnam were down by 1.08 percent in December 2024 compared to December 2023, according to Vietnam’s Consumer Price Index. Month-on-month, prices rose by 0.16 percent from November.

Despite this end-of-year dip, education costs rose significantly by 5.37 percent for the whole year compared to 2023, reflecting adjustments in tuition fees, school supplies, and education-related services.

The CPI for education in Vietnam reflects changes in the cost of education-related goods and services, including school fees, tuition for universities and vocational training, educational materials, and extracurricular activities. The CPI for education is an important indicator of how educational costs are evolving, especially as Vietnam has been increasingly investing in improving its education system to meet the demands of a growing and modernising economy.

In recent years, the CPI for education in Vietnam has seen moderate increases, largely driven by rising tuition fees, especially in private and international schools. Public education, which remains highly subsidised by the government, generally experiences more stable prices, though the cost of textbooks, school supplies, and additional services such as extracurricular programs have risen. The growing demand for higher-quality education, both domestically and internationally, has contributed to these price increases, particularly in major cities like Hanoi and Ho Chi Minh City, where international schools and private institutions are concentrated.

Vietnam’s expanding middle class and increasing focus on quality education have also led to higher demand for tertiary education. This has resulted in rising costs for private universities and vocational training programs, while public universities are generally more affordable but still experience upward price pressures due to infrastructure investments and the development of new programs.

As Vietnam continues to focus on improving its education system, the CPI for education is expected to reflect the rising demand for better quality education, increased private sector involvement, and the government’s efforts to expand access to educational opportunities. Factors such as inflation, income growth, and government education policies will continue to influence the CPI in the education sector, particularly in the context of the country’s ongoing economic development.

See also: Education in Vietnam

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