Vietnam’s has a teacher deficit of about 113,491 from preschool to high school, Cafe F has reported. Furthermore, though 27,826 new positions have been added just 19,474 new teachers have been recruited.
This lack of teachers may pose broad challenges for Vietnam as it pursues a role higher up the global value chain to do which better educated and trained workers will be essential.
Of note, the lowest paid teachers across preschool, primary school, and high school, receive just VND 4.9 million or US$196.59 with the highest paid teachers receiving just VND 15.9 million or US$637.91. For contrast, manufacturing and construction workers receive an average wage of VND 8.3 million or US$333 per month with wages over the last twelve months growing by about 5 percent.
With said labour shortage posing challenges to ensuring quality education, private schooling and tutoring has become a multi-million dollar industry in Vietnam as the country’s burgeoning middle class pull out all stops to see their children get ahead. Extracurricular training in English in particular has proven to be a boon for a number of foreign entrepreneurs.
See also: How to Start an English Centre in Vietnam: Ultimate Guide 2024