School is where children spend a lot of time developing their thinking, cultivating knowledge, and discovering their personalities and talents. Therefore, many parents prioritize choosing foreign training programs to help their children have a solid foundation for their future careers.
Vietnam is one of the leading countries in Asia in terms of the number of international schools. It is estimated that there are more than 120 schools from preschool to high school, concentrated mainly in Hanoi and Ho Chi Minh City. According to the General Statistics Office, households in the high-income group tend to send their children to private and international schools, with an average expenditure of 17.8 to 25.3 VND million per month.
Parents wish for their children to study in a friendly environment with small numbers, good facilities, and thoughtful care. What parents care about most of all is the quality of education. Children's ability to absorb new educational trends and be exposed to more diverse cultures helps them to develop their creativity in learning and foreign language skills.
With so many international schools available today, it is important for parents to choose the right school to shape their child's mind in the best direction of their development. So what is the best choice for parents to choose for their children?
SSG Education Development And Investment Joint Stock Company
International School Saigon Pearl
International School Saigon Pearl is a Vietnamese international school that teaches preschool and primary school students from 18 months to 11 years old. The school belongs to the school system built by SSG Education Investment and Development Joint Stock Company. This is the first international school in Ho Chi Minh City to be fully accredited by both the Council of International Schools (CIS) and the world-famous New England Association of Schools and Colleges (NEASC).
ISSP is a school that uses English exclusively in teaching and learning. According to results from the Measure of Academic Progress assessment system, which monitors students' learning progress, over 85% of children studying at Saigon Pearl International School achieved language and mathematics development scores higher than the average worldwide. ISSP students' transcripts, records, and diplomas are widely recognized by high schools around the world.
Wellspring International Bilingual School
Like Saigon Pearl, Wellspring is also a school in the school system of SSG Education Development and Investment Joint Stock Company, built in Hanoi and Ho Chi Minh City, which teaches all three levels of education. Wellspring is the first inter-level Bilingual High School (February 2012) in Vietnam to be officially and directly recognized as a Cambridge International School for all three levels by the International Council for General Education Examinations - Cambridge University.
SSG's revenue in 2021 decreased slightly compared to 2020. Specifically, the company achieved a revenue of 271 VND billion in 2021, a decrease of 13.3% compared to the previous year. Despite the decrease in revenue, the company's after-tax profit doubled in 2021, reaching 61.3 VND billion.
International School Ho Chi Minh City (ISHCMC)
Established in 1993, the International School Ho Chi Minh City (ISHCMC) is the first and longest-running international school in Ho Chi Minh City. It is a multicultural school with students from 50 countries around the world. ISHCMC is accredited to provide all three International Baccalaureate programs for students aged 2 to 18.
The school's operations are developing quite well. In 2020, this school recorded revenue of 1,139 VND billion, an increase of VND 140 billion compared to 2020 While in 2021, ISHCMC suffered a loss of 249 VND billion, in 2021 the school made an unexpected turnaround when its post-tax profit in 2021 reached 362 VND billion.
Australian International School (AIS)
In 2006, the ACG Vietnam International School was established and built by the Academic Colleges Group and officially put into operation in 2007. In 2013, the Australian International School and the ACG Vietnam International School merged and changed its name to the Australian International School AIS.
Currently, AIS has more than 1150 students from 40 different countries at 3 campuses in District 2, Ho Chi Minh City. The Secondary School Program at AIS is for students aged 11-15. All subjects are taught according to the Cambridge University Secondary Program. Students are taught full core and elective subjects, with a focus on English, Literature, Mathematics and Science.
In 2021, AIS's revenue decreased slightly to 649 VND billion and decreased by about 16 VND billion compared to 2020. The after-tax profit of this school increased significantly in 2021 to 263 VND billion, while in 2020 the after-tax profit of AIS was only about 12 VND billion.
American International School Vietnam (AISVN)
Established in 2006, the American International School Vietnam has continuously developed from its activities teaching at four campuses in its early years to now having over 1,200 students from Pre-Kindergarten 4 years old to Grade 12 at the Nha Be campus. The large campus of Nha Be with its physical facilities, functional spaces, and infrastructure provides conditions for the school's continuous development as well as a good learning environment for students.
As one of the international schools in Vietnam teaching the full International Baccalaureate program from 3 years old to Grade 12, the top 3 world program is favored by international schools. The goal of the International Baccalaureate program is to train students to develop holistically. It is seen as the top world preparatory program for university.
The revenue of the American International School Vietnam in 2020 and 2021 was generally not much different, with an average revenue of 490 VND billion for both years. However, by 2022 this figure had sharply decreased to only 267 VND billion. AISVN from 2020-2022 also had to bear hundreds of billions of VND in losses, but the loss is decreasing and was only 176 VND billion in 2022.
Hanoi International School (HIS)
Hanoi International School (HIS) was established in 1996 and since has been recognized as an international school teaching the BI program. In 1998, the school became a member of the Council of International Schools (CIS) and received full accreditation in 2013 from both CIS and the New England Association of Schools and Colleges (NEASC).
HIS's revenue situation is currently showing signs of stagnation, with only 145 VND billion fluctuating. Profit after-tax increased significantly, with 1.2 VND billion in profit in 2020, then 22.2 VND billion in 2021.
International German School
The German International School is a school system affiliated with the "Netzwerk der Deutschen Auslandsschulen '' (Network of German Schools Abroad). This school provides training from kindergarten to high school for children and teenagers of all ages based on German, Vietnamese, and international training programs.
IGS is a German school abroad officially recognized and funded by the Federal Ministry of Foreign Affairs of the Federal Republic of Germany. It also belongs to the worldwide network of German schools abroad and is a member of the Association of German Schools Abroad. This German-Vietnamese school is supported by the Germany-based Arts and Crafts Education Foundation with 240 educational locations in the country and worldwide.
IGS's revenue has not changed too much in recent years, about 64 VND billion. However, the profit after-tax of this school has had a huge change. In 2020, IGS's profit was only about 3 VND billion, 2021 this number increased dramatically to 14 VND billion. However, by 2022, ISG's profit plummeted to just over 180 VND million.
European International School
European International School Ho Chi Minh City is a school that offers a continuous International Baccalaureate (IB) program for children aged 2-18 years old. This school is a diverse cultural melting pot of more than 40 countries, where students are encouraged to find their individual and unique voice, pursue languages, and contribute to all aspects of school life. This is also known as one of the international schools with the highest tuition fees in Ho Chi Minh City.
This school's revenue in 2021 will reach 270 VND billion, an increase of about 10.5% compared to 2020. EIS's profit growth is surprisingly high; in 2020 this school suffered a loss of more than 55 VND billion, but by 2021 this loss had turned into a profit of about 71 VND billion.
British International School ( BIS)
The British International School is the largest international school in Vietnam, operating from three campuses built to serve students aged 2 to 18. It is a member of the prestigious international school system of Nord Anglia Education.
In 1997, the first British International School in Vietnam was established in Ho Chi City named BIS HCMC. The school founders established British Vietnamese International School (BVIS HCMC) in August to meet the needs of Vietnamese families for a bilingual international education 2011. The BIS school system then expanded to Hanoi in 2012.
The British International School's revenue has been steadily growing. In 2021, it recorded a revenue of more than 1,399 VND billion, an increase of more than 130 billion compared to the previous year. BIS's profit in 2021 reached 578 VND billion, a sharp increase compared to 2020.
Vietnam Australia International School
The Vietnam Australia International School (VAS) system was established in 2004, providing training from preschool to high school. VAS is licensed to operate by the Vietnamese government and is part of the national education system. VAS is currently teaching more than 7,000 students from preschool to grade 12 at seven campuses located in Ho Chi Minh City.
In addition, Vietnam Australia International School is entrusted by international testing organizations to set up exam centers right at the school to help students obtain international qualifications without having to pass through any intermediaries.
During this period, Vietnam Australia International School did not have much change in revenue, it was only about 1,880 VND billion. Unlike revenue, this school's profit increased very highly. In 2021, VAS's profit after tax will reach 566 VND billion, an increase of about 530% after just one year.
Canadian International School
Canadian International School, established in 2009, is the first and only school in Vietnam with a curriculum built on the foundation of the Ontario program, for students from kindergarten to grade 12. CIS started its educational journey in cooperation with famous school boards of the State of Ontario, namely the Niagara School Board (DSBN) from 2009 to June 2014, and the Toronto Board of Education (TDSB) since July 2014.
In 2021, Canadian International School recorded a revenue of 522 VND billion, an increase of 7.7% compared to 2020. Like most other schools, profits in 2021 increased significantly. CIS also had a growth in profit and reached 26 VND billion, an increase of nearly 21 billion compared to 2020.
In addition to acquiring knowledge, when studying at international schools, children also learn the necessary skills to meet the continuous integration and development trend of society. Therefore, families with the means often prioritize sending their children to international schools with the expectation that their children will be fully prepared to confidently enter the top prestigious international universities in the world.
Source: Vietdata's international schools report