In recent years, Vietnam has been assessed as the country with the highest level of expenditure on education and training in the world. “Vietnam is in the top 10 fastest growing online education markets globally, with a compound annual growth rate of 44.3 per cent and is expected to reach a value of $3 billion by the end of 2023,” Hien said. As part of the deal, Gakken will also assist DTP in producing textbooks and workbooks for subjects beyond English, including maths and science.Īccording to Nguyen Tri Hien, chairman of Edtech Agency and co-head of the Education Technology Village at Techfest Vietnam, Vietnam’s edtech market is expected to receive significant support in the future. The company has set a target of increasing overseas sales to 30 per cent by 2030, up from less than 5 per cent currently. With Japan experiencing a declining birth rate that threatens the company’s position in the domestic market, Gakken aims to leverage this investment to expand its textbook and workbook business in Vietnam and the broader Southeast Asian region. As a result of the investment, Gakken now owns 35 per cent in DTP, making it the largest shareholder of the publisher.Īccording to Nikkei Asia, Gakken views Vietnam as a strategic location for expanding its presence in the Southeast Asian market. The platform also plans to offer courses for other standardised tests such as JLPT for Japanese, HSK for Chinese, and TOPIK for South Korean.Īlso in April, DTP Education Solutions received significant investment from Japanese education corporation Gakken Holdings. “The new funding will help accelerate product development and increase adoption in the market,” the company stated.įounded in 2020, Prep aims to make quality test preparation for the IELTS, TOEIC, and Vietnam’s high school graduation exam accessible to everyone. The doubles Prep’s total funds raised after $1 million was received from Touchstone Partners last year. On April 4, Prep, an e-learning platform specialising in standardised language test preparation, also raised $1 million in seed funding co-led by East Ventures and Cercano Management. “We believe this investment fits within the future of learning themes and is a testament to our confidence in the growing demand for technology courses across Southeast Asia,” said Sandeep Aneja, founder and managing partner of Kaizenvest. Founded in 2015, this startup has graduated over 35,000 students who are now living and working in nearly 20 countries around the world. MindX has since expanded to 32 locations across Vietnam and offers a wide range of technology courses, including blockchain programming, data analysis, software testing, and more. This investment round comes only a year after the Series A round, which raised nearly $3 million. There are strong signs that online learning can fit future development plans, photo Le Toan Other investors in this round include Thailand’s Aksorn education group, Japan’s Mynavi recruitment company, and Wavemaker Partners, which led the Series A funding round of MindX. Edtech startup MindX, which provides technology education for all ages and guarantees job placement, on April 12 successfully raised $15 million in a Series B funding round led by Singapore’s Kaizenvest investment fund.
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