In 2020, when most sectors suffer major reductions due to
impacts of the Covid-19 pandemic, the education sector stood out
with an increase of 58% in foreign-direct investment.
Investors eyeing investment in the education sector in Vietnam
must be aware of their benefits, and limitation, under the
Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) and
the EU-Vietnam Free Trade Agreement (EVFTA). The CPTPP came into
force on 14 January 2019 for Vietnam and currently include the
following signatories: Australia, Brunei, Canada, Chile, Japan,
Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. In
addition, China, Ecuador, Taiwan and United Kingdom applied and
awaiting result on their accession to the CPTPP. The EVFTA came
into force on 1 August 2020 between the European Union countries
and Vietnam.
