Despite the influx of investment and the rapid pace of development, at the moment, there is no specific legal framework for edtech under Vietnamese law.
If previously, Singaporean education investors saw opportunities in opening new training facilities in Vietnam or joint training programmes with existing educational institutions, the market in recent times has witnessed the entry of more Singaporean funds into the edtech sector.
Vietnam and Singapore have issued a joint statement on strengthening strategic partnership and recovery cooperation on the occasion of President Nguyen Xuan Phuc’s State visit to Singapore from February 24-26.
President Nguyen Xuan Phuc (R) is welcomed by his Singaporean counterpart Halimah Yacob on February 25 (Photo: VNA)Following is the full text of joint press statement.JOINT PRESS STATEMENTbetween the Socialist Republic of Vietnam and the Republic of Singaporeon Strengthening Strategic Partnership andRecovery Cooperation(24-26 February 2022)1. At the invitation of Her Excellency Halimah Yacob, President of the Republic of Singapore, His Excellency Nguyen Xuan Phuc, President of the Socialist Republic of Viet Nam, and Madam Tran Nguyet Thu made a State Visit to Singapore from 24 to 26 February 2022. President Nguyen Xuan Phuc’s State Visit demonstrates the strong mutual commitment to strengthening the Viet Nam - Singapore Strategic Partnership, and working closely to support each other to Recover Together from COVID-19.2. During the visit, President Nguyen Xuan Phuc was accorded a ceremonial welcome and called on President Halimah Yacob who also hosted a State Banquet in President Ngu