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Vietnamese spending billions of dollars to study abroad
Thursday, January 03, 2013
Photo courtesy of www.talkvietnam.com
From WIRE REPORTS
Vietnamese spend at least $1 billion and as high as $1.5 billion per year to have their children educated abroad, said a representative of the Ministry of Finance according to wire reports.
Nguyen Truong Giang, deputy head of the Ministry’s department of financial administration and career, said the minimum cost for a student who studies abroad is around $10,000 to $15,000 a year.
Statistics of the Ministry of Education and Training showed that 98,536 Vietnamese studied aboard during the 2010-11 academic year. This figure rose by 7 percent to 106,104 students for 2011-12, said Giang.
If the education quality of
At the moment,
The decree said prospective schools must be prepared to invest at least $7,201 per student, not counting the cost of leasing the necessary land, and total expenditures for such projects must be at least $14.4 million.