Singapore education firm KinderWorld eyes Hai Phong city investment
Singapore-based educational firm KinderWorld International Group plans to expand its activities in Vietnam to the northern city of Hai Phong by building an international education complex.
Children at a KinderWorld kindergarten. Photo courtesy of the company.
Chairman of KinderWorld Ricky Tan delivered the proposal with two options to Le Tien Chau, chief of Hai Phong Party Committee at a Monday meeting. The first option is to build a complex featuring facilities for various education levels from preschool to high school, college/university, and vocational training. The second is to build an eco-tourism and education complex, called Pegasus, featuring a life-skills-training school and an eco-tourism facility per international standards.
Welcoming the suggestion, relevant municipal agencies made location recommendations for the project. Highly rating the project, Chau proposed the municipal authorities and KinderWorld sign a memorandum of understanding for the cooperation.
The complex will serve foreign experts' children in Vietnam and Hai Phong citizens, Ricky Tan said.
Le Tien Chau (R), Secretary of Hai Phong city's Party Committee, gifts a souvenir to KinderWorld chairman Ricky Tan at a meeting in the northern city on July 31, 2023. Photo courtesy of Hai Phong's news portal.
KinderWorld International Group was set up in 1986 in Singapore, and extended to overseas markets in the 1990s, including preschool facilities named KinderWorld International Kindergarten (KIK) in Hanoi and Ho Chi Minh City in 2000. The firm opened international primary schools called Singapore International Schools (SIS) in Hanoi and HCMC in 2004.
In Vietnam, KinderWorld International Group has a presence in eight localities. There are three KIK and three SIS in Hanoi; one SIS in Ha Long town, the northern province of Quang Ninh; one SIS in the central city of Danang; one SIS in the southern industrial province of Binh Duong; one SIS in HCMC; one SIS in the southern province of Ba Ria-Vung Tau; and one KIK and one SIS in the southern city of Can Tho.
The group ventured into the multi-level school sector with a Singapore Vietnam International School (SVIS) in the central coastal province of Khanh Hoa in 2014.
As of the beginning of 2022-2023 academic year, Hai Phong city had about 500,000 learners and 827 schools, including 427 public facilities.
Hai Phong is a port hub and a manufacturing center in northern Vietnam.
- Related News
- Read More
Taiwan’s Wistron aims to run $24.5 mln Vietnam plant next month
Taiwan-headquartered Wistron, a top electronics provider and a supplier to Apple, plans to officially start operating its $24.5 million investment in the northern province of Ha Nam next month.
Industries - Mon, December 16, 2024 | 4:41 pm GMT+7
Hanoi plans $420 mln horse racecourse
The Hanoi People's Committee has approved a detailed plan for the Soc Son Urban Area (Zone III), featuring parks, schools, hospitals, high-quality housing, and a $420 million horse racecourse.
Real Estate - Mon, December 16, 2024 | 4:35 pm GMT+7
Vietnam’s cement giant Vicem logs over $55 mln loss in 2024
Vietnam National Cement Corporation (Vicem) has suffered losses for the second consecutive year, with an estimated consolidated figure of VND1.4 trillion ($55.15 million) for 2024, according to a draft annual report by the Ministry of Construction.
Companies - Mon, December 16, 2024 | 4:18 pm GMT+7
Leading broker VPS launches new brand identity
VPS Securities JSC (VPS), a leading broker in Vietnam, officially unveiled its new brand identity on Monday.
Companies - Mon, December 16, 2024 | 3:12 pm GMT+7
VSIP Can Tho in southern Vietnam completes 96% of site clearance, 100 hectares leased
Vinh Thanh Industrial Park (IP), also known as VSIP Can Tho, in Vietnam’s Mekong Delta city of Can Tho, has completed 95.98% of the site clearance.
Industrial real estate - Mon, December 16, 2024 | 12:32 pm GMT+7
Masan Consumer promotes Vietnamese cuisine to international friends
Masan Consumer, the consumer goods arm of Masan Group, recently showcased its products at the 2024 International Food Festival in Hanoi, helping promote the unique cuisine of Vietnam to visitors from across the globe.
Companies - Mon, December 16, 2024 | 11:08 am GMT+7
Dairy giant Vinamilk to spend over $41 mln on interim dividend payment
Vinamilk, the largest dairy firm in Vietnam, plans to spend VND1.045 trillion ($41.3 million) to pay interim cash dividends to shareholders for the second phase of 2024 at a rate of 5%, according to the company.
Companies - Mon, December 16, 2024 | 10:43 am GMT+7
Universal Scientific Industrial to expand Vietnam investment to $290 mln
Mainland China-based Universal Scientific Industrial (USI), an electronics supplier under Taiwan-based ASE Technology Holding, will increase its investment in Vietnam to $290 million.
Industries - Mon, December 16, 2024 | 10:33 am GMT+7
Vietnam property market in the hands of large developers: Savills
Throughout this year, the Vietnamese real estate market has only truly been active for large, well-established developers, according to Savills Vietnam.
Real Estate - Mon, December 16, 2024 | 8:17 am GMT+7
Top 50 signals the recovery of Vietnam's economy
Vietnam's Top 50 Best-performing Companies of 2024 have solid fundamentals, strong management, and substantial room for growth, says Nguyen Thanh Thao, CEO of Thien Viet Securities Joint Stock Company (TVS).
Companies - Mon, December 16, 2024 | 8:00 am GMT+7
Investment policy adjusted for $59 mln wind power project in central Vietnam
Quang Tri province authorities recently approved an adjustment to the investment policy for Hai Anh wind power plant project, with Hai Anh-Quang Tri Wind Power JSC as its investor.
Energy - Sun, December 15, 2024 | 10:06 pm GMT+7
Latvian man on trial for running loan shark ring with 1,380% interest rate
The Ho Chi Minh City People’s Court is holding the first-instance trial of Aigars Plivės, a 39-year-old Latvian national, for engaging in illegal lending through online platforms with interest rates as high as 1,380% per year, earning VND4.15 trillion ($163.35 million) in illicit profits.
Society - Sun, December 15, 2024 | 8:11 pm GMT+7
Vietnam interest rates under rising pressure to go north in 2024: central bank
Vietnam’s banking sector will face significant challenges in the near future, including mounting pressure for higher interest rates, amidst global economic uncertainty and domestic economic risks, says Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.
Banking - Sun, December 15, 2024 | 2:17 pm GMT+7
Daughter of Vietnam jewelry major PNJ head to spend $15 mln on company’s shares
Tran Phuong Ngoc Thao, vice chairwoman of Phu Nhuan Jewelry JSC (PNJ), has registered to purchase 4 million PNJ shares between December 18 and January 16, 2025.
Finance - Sun, December 15, 2024 | 10:20 am GMT+7
Exchange rate to cool down, deposit interest rates to inch up by year-end: broker
While the VND/USD exchange rate may cool off toward the VND25,000 mark, interest rates on savings could see modest increases over the rest of the year, broker MB Securities (MBS) said in its latest macroeconomic report.
Banking - Sun, December 15, 2024 | 10:03 am GMT+7
US policy changes likely to impact Asia and Pacific growth
Asia and the Pacific’s economic growth will remain steady this year and next, but expected U.S. policy changes under the incoming administration of President-elect Donald Trump are likely to affect the region’s longer-term outlook, write Asian Development Bank (ADB) analysts in the latest edition of Asian Development Outlook (ADO).
Consulting - Sun, December 15, 2024 | 8:00 am GMT+7
