In Vietnam, following Vinhomes and Masan MEATLife, EQuest Education Group is the third investment destination for KKR – the world's largest investment fund. This is also the fourth global investment in education and workforce development, based on KKR Global Impact's commitment to supporting lifelong learning.
EQuest – A leading diverse education ecosystem in Vietnam.
EQuest operates a diverse educational ecosystem, focusing on four areas:
- The school system is bilingual from grade 1 to grade 12.
- University and vocational college system.
- English language centers and study abroad preparation centers.
- Educational technology solutions.
Among them, Viet My College is one of the leading quality colleges in Vietnam with 3 training campuses in Ho Chi Minh City and Can Tho.
This investment will help EQuest expand its operations and continue its mission of providing Vietnamese students with access to world-class quality education at an affordable cost.
EQuest's school system, with over 9,000 students enrolled across 8 campuses, has established a strong reputation in Vietnam, meeting the rapidly growing demand for high-quality, effective bilingual education programs at reasonable tuition fees. Currently, EQuest has over 110,000 students enrolled annually across its system, making it one of the largest private education groups in Vietnam.
KKR and its investment philosophy support the process of "Lifelong Learning".“
KKR is one of the world's largest investment firms, with total assets under management reaching $367 billion. The investment in EQuest was made through the KKR Global Impact Fund and is the fourth global investment in education and workforce development, aligning with the Fund's commitment to supporting lifelong learning.
A business networking session at Viet My College.
KKR Global Impact aims for a fair return on investment when investing in companies that contribute to the United Nations' Sustainable Development Goals (SDGs). By providing high-quality, accessible, and affordable education to the rapidly growing middle class, EQuest is directly contributing to the goal of high-quality education – Goal 4 of the 17 Sustainable Development Goals.
Mr. Chee-Wei Wong, Director of KKR Global Impact in Asia, commented: “One of KKR Global Impact’s major directions is to invest in businesses that support Lifelong Learning, focusing on bridging the skills gap and creating equal access to quality education. EQuest helps achieve these goals. We believe that lifelong learning begins in early childhood, and EQuest is helping future generations thrive through high-quality, effective, and affordable educational programs. KKR will leverage its business management experience, global network, and expertise in education to strengthen EQuest’s market leadership, help EQuest build technological capabilities, and implement international best practices in governance and management. Following the investment, we will work closely with EQuest’s leadership to jointly realize the company’s mission and create lasting impacts.” "It has had a positive impact on the field of education in Vietnam."”
An opportunity for young Vietnamese people to fully develop their potential and enhance their competitiveness on the international stage.
Mr. Nguyen Quoc Toan, Co-founder and CEO of EQuest, stated: “Access to high-quality education and intensive English language training programs is crucial for young Vietnamese people to fully develop their potential and enhance their competitiveness on the international stage. EQuest is committed to providing world-class education programs with internationally accredited curricula to Vietnamese students at a groundbreakingly low cost. With the financial support, strength, and in-depth expertise in education from KKR, we are confident in continuing our mission to provide high-quality learning programs to millions of Vietnamese learners, build a skilled workforce, and thereby contribute to Vietnam’s ambitious economic development goals.”
Dr. Nguyen Quoc Toan – Chairman of the Board of Directors of EQuest Group
The middle class in Vietnam is rapidly growing, leading to a demand for higher-quality education. With increasing globalization, proficiency in English has become an essential work skill and a top priority in Vietnam's national education goals. The Vietnamese government is also particularly interested in technological solutions as an effective strategy for improving access to high-quality education for Vietnamese students.
Ashish Shastry, Co-CEO of Asia Private Equity and Head of Southeast Asia Investments at KKR, said: “Investing in Vietnam and strongly supporting Vietnamese businesses and industries is a key strategy for KKR in Asia. With Vietnam’s increasingly important position in the global economy, access to high-quality, affordable education is crucial to achieving national goals. We are delighted to invest in EQuest and support visionary entrepreneurs like Mr. Toan – and the talented team at EQuest – in successfully fulfilling their mission of bridging educational gaps in Vietnam.”
This is an opportunity for Viet My College to get closer to its aspiration of sending students "out into the wider world."“
With a history of 15 years of formation and development, American Polytechnic College (APC) Currently, it is one of the most prestigious colleges in Vietnam. Its training programs are highly practical and up-to-date with the needs of society. The faculty possesses extensive knowledge, many years of experience in businesses, and a passion for education, helping students understand and choose a career that suits them.
The school offers training in the following fields: economic and service sector, foreign language, Design, IT, and Healthcare, with the following criteria:
- Training philosophy: developing skills and gaining professional experience.
- The program focuses on developing English language skills.
- A modern and humane learning environment.
- Tuition fees are fixed for the entire course.
- The school connects with businesses.
- Opportunities to study abroad.
Viet My College signs training cooperation agreement with University of Gloucestershire.
Since 2020, Viet My College has been actively connecting and expanding its training and recruitment cooperation with educational corporations and schools in the United Kingdom, Germany, Taiwan, South Korea, and Japan. According to reliable sources, in 2021, Viet My College will develop and launch an advanced college program. Accordingly, the recruitment process, initiated by partner businesses, will begin right from the enrollment stage. Notably, this program will allow students to study concurrently in Vietnam and in the countries with which Viet My College has partnerships.
Author: Pham Phan - Date written: June 1, 2021
Category: College 9+, News - Events
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