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Global Insights with Queensland Trade Commissioners - Vietnam Is it the next big thing? And how do we crack it?
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Page 1: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

Global Insights with Queensland Trade

Commissioners - VietnamIs it the next big thing? And how do we crack it?

Page 2: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

Tom CalderQueensland Trade and Investment Commissioner - ASEAN

Trade and Investment Queensland

Global Insights with Queensland Trade

Commissioners - VietnamIs it the next big thing? And how do we crack it?

Page 3: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

Vietnam – Overall Queensland Growth Steady

-20.00%

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

0

500

1,000

1,500

2,000

2,500

3,000

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Number of Enrolments (QLD) YoY

Page 4: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

Vietnam – A Higher Education Market for Queensland

Higher Education56%

VET10%

Schools12%

ELICOS19%

Non-award3%

2018 Sector Share

Vietnamese

Enrolments in

Queensland

Page 5: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

NSW 1,888 1,678 1,436 1,627 2,166 2,229 2,281 2,219 2,055 2,358

VIC 2,686 2,421 2,037 2,422 3,218 2,898 2,885 2,903 2,663 2,997

QLD 616 545 456 492 656 624 511 579 629 675

SA 379 339 287 250 329 324 395 470 423 510

WA 443 393 367 440 579 572 567 520 385 329

TAS 46 24 28 20 24 29 53 58 76 174

NT 20 20 19 24 26 19 18 33 26 35

ACT 134 140 91 104 121 108 100 96 86 74

Total 6,212 5,560 4,722 5,380 7,134 6,803 6,810 6,878 6,343 7,152

Vietnam – New South Wales and Victoria the preference

Commencements for Qld vs other states 2010-19 (Vietnam)

Page 6: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

• Economic growth: stability and the Trump effect

• Growing middle class: an increase in purchasing power

and demand for premium consumer goods and services in

Vietnam

• Staff shortages for skilled workers: especially in Tourism

& Hospitality industry (Govt forecasts: shortage of over

40,000 workers per year)

Vietnam Trends

Study Qld showcase event in HCMC 2018

Page 7: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

• Showcasing Vocational education capability to industry

• Offshore delivery

• Corporate training / professional development

Vietnam - Opportunities

Page 8: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

• Visas

• Deregulation (Decree 86) ?

• Lack of Vietnamese community in Queensland

Vietnam - Challenges

Page 9: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

Rebecca HallSenior Industry Specialist, International Education

Australian Trade and Investment Commission (Austrade)

Global Insights with Queensland Trade

Commissioners - VietnamIs it the next big thing? And how do we crack it?

Page 10: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

Vietnam outbound students continue to grow and it’s a competitive environment

United States27%

Japan23%

Australia19%

France5%

United Kingdom5%

South Korea4%

Canada2%

Finland2%

Russia2%

New Zealand2%

Others9%

Top 10 Destinations for Vietnamese Students (2017)

Source: UNESCO

Our Key Competitors

Page 11: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

Australia welcomes Vietnamese students in all sectors across the nation

12,699

13,815

15,00515,755

6,621 6,732 6,913

5,918

1,8212,188

2,917 3,530

7,524

6,126

4,5383,769

675 719 998 1,017

2015 2016 2017 2018

Higher Education VET Schools ELICOS Non-award

Page 12: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

What do the broader economic indicators tell us about the prospects for continued engagement from Vietnam ?

https://www.austrade.gov.au/Australian/Educ

ation/where-to-compete#/

Page 13: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

Vietnam – Market Action Plan

Key action items led by Austrade

• Information and advice to support market access and entry for Australian school programs in

Vietnam and continue provide tailored support to Australian providers and businesses

• Develop and implement an education agent briefing pack

• Deliver #GoBeyond2.0 campaign targeting Vietnamese students to regional locations in Australia

• In-market showcase of Australia’s healthcare education expertise and strengthen cross-sectoral

institution industry linkages

• Promote Australia’s online education offerings and pilot a micro-credentials/online education trial

Page 14: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

IET SUMMIT 2019

Vietnam Is it the next big

thing?

And how do we crack it?

Brett BlackerCEOEnglish Australia

26 June 2019

Page 15: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

TOP TEN SOURCE MARKET FOR AUSTRALIA IN 2018

15

Page 16: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

VIETNAM – Student visa numbers

16

0

500

1000

1500

2000

2500

2015 2016 2017 2018

ELICOS STUDENT VISA COMMENCMENTS 2015-2018

ELICOS - NSW

ELICOS - VIC

ELICOS - QLD

ELICOS - SA

ELICOS - WA

ELICOS - TAS

ELICOS - NT

ELICOS - ACT

Page 17: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

VIETNAM in 2018 – ELICOS All visas

Student numbers

4,100 4,230+3%

Student weeks

54,646 50,857 -7%

20172018

20172018

9th

Top source market ranking

12

Avg course duration(weeks)

Market share(student numbers)

2%

Page 18: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

18

State 2017 2018 % Change % Share

NSW 1,583 1,907 +20% 45%

QLD 572 590 +3% 14%

SA 168 146 -13% 3%

VIC 1,524 1,378 -10% 33%

WA 254 208 -18% 5%

Total 4,100 4,230 +3% 100%

VIETNAM – Student numbers by state

Page 19: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

19

Visa type 2017 2018 % Change % Share

Student 3,492 3,017 -14% 71%

Visitor 426 1,018 +139% 24%

Working Holiday 16 22 +35% 1%

Other 167 173 +4% 4%

Total 4,100 4,230 +3% 100%

VIETNAM – Student numbers by visa status

Page 20: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

QLD: Vietnam in 2018

Student numbers

572 590+3%

Student weeks

7,691 7,537-2%

20172018

20172018

12.8

Avg course duration(weeks)

QLD market share(student numbers)

14%

QLD market share(student weeks)

15%

Page 21: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

21

Visa type 2017 2018 % Change % Share

Student 441 379 -14% 64%

Visitor 89 177 +98% 30%

Working Holiday 1 1 -10% <1%

Other 40 33 -18% 6%

Total 572 590 +3% 100%

QLD: VIETNAM – Student numbers by visa status

Page 22: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

www.englishaustralia.com.au

www.facebook.com/EnglishAustralia

@English_Aus

www.linkedin.com/company/english-australia

22

Page 23: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

Deakin University CRICOS Provider Code: 00113B

Associate Professor Ly Tran,Australian Research Council Future Fellow

Research for Educational Impact (REDI) Strategic Research Centre, Deakin University

IET Summit 2019Vietnam

Is it the next big thing?

Page 24: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

Deakin University CRICOS Provider Code: 00113B

Decree No. 73/2012/NĐ-CP dated 26 Sept 2012 on Foreign Cooperation and Investment in Education on the following aspects:

➢ Joint education and training with foreign partners

➢ Foreign-invested educational institutions

➢ Establishment of representative offices of foreign education

institutions in Vietnam

Policy Setting

Page 25: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

Deakin University CRICOS Provider Code: 00113B

In 2018, Decree No. 86/2018/NĐ-CP was issued to replace Decree No. 73/2012/NĐ-CP with some new related provisions on:

➢ Cooperation and investment in education in Vietnam

➢ Blended and online delivery mode with HE partnership programs

➢ Under this new Decree, foreign investors shall be permitted to contribute

capital to and to purchase shares and stakes from a Vietnamese educational

institution and a foreign-invested business entity that establishes an

educational institution in Vietnam.

=>This new policy allows different business models, training modes and partner diversification.

Policy Setting

Page 26: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

Deakin University CRICOS Provider Code: 00113B

❖ Vietnam’s Strategy for Education Development 2011-2020 emphasises the enhancement of international cooperation.

❖ Latest policy development: De-centralisation and increased autonomy: first three public Universities no longer have a governing body

➢ University of Economics (Trường ĐH Kinh tế quốc dân)

➢ Ho Chi Minh University of Economics (Trường ĐH Kinh tế TP.HCM)

➢ Ha Noi University of Technology (Trường ĐH Bách khoa Hà Nội)

Policy Setting

Page 27: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

Deakin University CRICOS Provider Code: 00113B

➢ Opportunity where a joint effort leveraging different strengths of institutions can be made: encourage multifaceted collaboration with Vietnamese government and institutional partners

➢ MOET/Universities: growing emphasis on research performance & collaboration

➢ Universities: Hosting Australian mobility students/interns

✓ Boost ranking and enhance teaching/learning/research capacities

➢ Alumni: Ongoing and sustainable alumni engagement by involving them in different initiatives and projects

➢ Rise of middle-class, including countryside regions, and associated demands.

Opportunities

Page 28: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

Primary dimensions of internationalisation of education in in Vietnam (Tran & Marginson, 2018)

❖student and staff mobility, particularly out-bound flows but

potentially in-bound flows

❖international cooperation in program development and

delivery/Internationalisation of the curriculum: ‘advanced

programs’

❖professional development/corporate training/intensive courses

❖use of English as medium of instruction

❖joint and twinning programs

❖international schools and institutes

❖internationalisation of research

Page 29: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

Some developments

❖ In the past two decades, especially following Vietnam’s World Trade

Organization accession and General Agreement on Trade in Services,

joint and twinning programmes have multiplied.

❖ More than 300 joint and twinning programs provided in cooperation with

32 countries

❖ an increase from 133 programs in 2007 (see Tran & Marginson, 2018 for

more details).

❖ marked a shift from Vietnam as merely a passive recipient to an active

partner and potential provider of international education

❖ Sensitive to reciprocal international education

Page 30: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

Deakin University CRICOS Provider Code: 00113B

Vietnamese students: increasingly sensitive to opportunities for work experience and post-study work

41.7%

30.6%

12.0%

8.3%

7.4%

43.9%

22.8%

15.1%

7.5%

10.6%

Very important

4

3

2

Not important at all

Importance of Post-Study Work OpportunitiesVietnamese graduates vs all graduates

All graduates Vietnamese graduates

Page 32: Global Insights with Queensland Trade Commissioners - Vietnam · and demand for premium consumer goods and services in Vietnam •Staff shortages for skilled workers: especially in

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