Vietnam’s Ministry of Education and Training and the European Union (EU) have signed a financing agreement for the Vietnam-EU Vocational Education and Training (VETVET) program, with a total budget exceeding €50 million (nearly $59 million).
The funding consists of €40 million from the EU, €10 million from the German Government, and €0.5 million from the French Government.
The VETVET program aims to enhance the quality, relevance, and accessibility of Vietnam's vocational education system. By doing so, it seeks to promote sustainable employment and entrepreneurship while building a skilled workforce capable of meeting the demands of the country’s green and digital transitions.
The program will be implemented across six key pillars: Enhancing the capacity of the Technical and Vocational Education and Training (TVET) system; Fostering cooperation with the business sector; Strengthening TVET management and quality assurance systems; Developing modern vocational training curricula; Building a communication ecosystem for the TVET sector; and Mobilizing businesses to participate in on-site corporate training.
Speaking at the signing ceremony, Mr. Rafael de Bustamante, Chargé d’Affaires of the EU Delegation to Vietnam, emphasized that this is a significant milestone. He noted that the agreement marks the result of joint efforts to equip the Vietnamese workforce with the essential skills required to achieve the nation's sustainable development goals.
The project specifically integrates green technology, renewable energy, innovation in the digital era, and sustainable industrial practices into the educational curriculum to ensure workers are prepared for the future economy.
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