Despite being one of the fields to have grown very quickly over the past two years of Covid-19, Vietnam’s education technology (edtech) market is yet to have a unicorn (a company with a valuation of $1 billion or more). According to stakeholders and analysts at the WISETALK discussion on edtech development in Vietnam on June 22, developing Vietnamese edtech products in international markets requires additional policy support.
On April 8, the IC Net Limited Joint Stock Company of the Gakken Group - a leading brand in the field of education in Japan - and the KiddiHub Vietnam Joint Stock Company signed an investment cooperation contract to develop platforms for early childhood education in Vietnam. The country’s startup ecosystem has developed strongly in recent years, attracting a lot of attention from Japanese businesses, in which edtech (education technology) is an area of particular interest.