Hoang Viet Tung (left), President of VTC Academy and Hoang Viet Tan (right), CEO of VTC Academy. Photo by VTC Academy
HANOI, Vietnam, Jan. 28, 2022 (GLOBE NEWSWIRE) — VTC Information Technology and Design Academy (VTC Academy) has announced its business performance for three years after securing USD 3 million in funding from Vietnam Investment Group (VIG). Additionally, VTC Academy revealed that it plans to raise USD 20 million for its upcoming 5-year development plan.
Over the past three years, VTC Academy has received full support from VIG to establish three branches in Vietnam’s two fastest growing cities, Hanoi and Ho Chi Minh City. VTC Academy has mainly focused on building a high-quality professional team that develops various academic programs to the highest recruitment standards. Therefore, these professionals play an essential role in R&D and are one of the key pillars of VTC Academy. Also, an extensive international network of educational partners has differentiated VTC Academy from other institutions in Vietnam, which is reflected in its superior academic standards and reputation. Also, the academy has equipped a range of modern learning facilities and resources for excellent support for all students here.
Over the past two years, the Covid-19 pandemic has had a negative impact on most service companies and educational organizations in Vietnam, many of them even had to close or go bankrupt. VTC Academy, on the other hand, has proven its agility, adaptability, flexibility and capability by consistently delivering innovative solutions that have resulted in revenue and enrollment growth of up to 200% each year for the past 3 years.
Additionally, the digital education ecosystem that VTC Academy has developed will create a sea change to optimize business performance and profitability. This ecosystem enables VTC Academy to automate workflows in marketing communications, admissions, academic management, real-time portfolio updates, and other areas. As a result, the engagement between VTC Academy and students, as well as between companies and students, has been greatly enhanced throughout the learning process.
Over a decade of development, VTC Academy has successfully trained over 10,000 students who are currently working in leading organizations in programming, full-stack development, game development, 3D design and e-commerce such as: Shopify, Sparx *, Viettel, VNG, Gameloft, Shopee,… VTC Academy always guarantees employment upon graduation to 100% of students.
Mr. Hoang Viet Tan – CEO of VTC Academy shared: “Vietnam is experiencing an explosion in demand for human resources in technology, design and digital marketing. The Covid-19 pandemic has become one of the key drivers, driving the growth of technology-based human resources in Asia and around the world, including Vietnam. Despite their unique mindset and eagerness to embrace new technological trends, young Vietnamese need to be equipped with adequate knowledge and skills, sharpen their creativity, learn to apply technology to meet the growing demands of the national and regional market.
Mr. Hoang Viet Tung – President of VTC Academy said:
“According to the next five-year business plan, with a targeted fund of $20 million, VTC Academy plans to provide high-quality educational opportunities to all students across the country by developing the digital academic ecosystem and expanding new branches. Our main objective is to develop a student-centric academic ecosystem that includes an online career counseling library 4.0, an online learning platform, an artificial intelligence (AI) system and a platform centralized data platform to engage students throughout the learning process, as well as a recruitment platform that connects companies and quality human resources in Vietnam.
Ms. Le Thi Khanh An – Director of Education Investments at VIG shared her thoughts on VTC Academy: “VTC Academy has made rapid progress and earned VIG’s trust through overriding core values such as a dedicated and experienced board of directors, a clear long-term vision and a consistent development strategy.”
About VTC Academy:
VTC Information Technology and Design Academy (VTC Academy), founded in 2010, is a pioneer in providing a digital education environment based on global standards in information technology (IT), design and digital marketing in Vietnam. VTC Academy focuses on developing high-quality Vietnamese human resources that meet local and global workforce recruitment needs to become one of Asia’s top IT, design and business administration education organizations digital over the next 10 years.
About Vietnam Investment Group (VIG)
Vietnam Investments Group (“VIG”) is a private equity firm founded in 2006, which focuses on investing in high-growth and influential companies in Vietnam. Currently, VIG manages 3 funds with a capital of 500 million USD. VIG’s investment portfolio consists of leading technology groups and educational organizations such as Seedcom, Teko, ELSA Speak, VTC Academy, Galaxy, Wellspring School System, Sylvan Learning Vietnam, Online Management Training (OMT). .
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