Vietnam’s e-learning market projected to hit US$3 billion by 2023

HANOI, 11th April, 2022 (WAM) — Vietnam’s e-learning market is expected to reach revenue of around US$3 billion by 2023 with a compound annual growth rate of about 20.2 percent from 2019-2023, the Vietnam News Agency (VNA) quoted a report by Ken Research as saying.

Vietnam’s educational technology (Edtech) market is said to hold high potential and is drawing attention from investors, especially in the context of the COVID-19 outbreak and its complicated developments.

Vietnam was listed in the top 10 fastest growing Edtech markets globally, posting annual growth of 44.3 percent, according to the Vietnam Edtech Report 2021.

Last year, Vietnam moved from a “pandemic response education” status to “pandemic adaption education” amid the complicated developments of COVID-19.

According to observers, in 2022, Edtech will be the pioneer technology when the demand for technology platforms in education becomes high.