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BUSINESS

VTC Academy targets raising US$20 million for 5-year development plan

28/01/2022 04:21 PM

KUALA LUMPUR, Jan 28 -- VTC Information Technology and Design Academy (VTC Academy) has announced its business performance for three years after securing funding of US$3 million from Vietnam Investment Group (VIG). (US$1 = RM4.197)

In addition, VTC Academy revealed aiming to raise US$20 million for its next five-year development plan, according to a statement.

VTC Academy Chairman Hoang Viet Tung said: “According to the next five-year business plan, with a targeted fund of US$20 million, VTC Academy plans to provide high-quality educational opportunities for all students across the country by developing the digital academic ecosystem and expanding new branches.

“Our major goal is to develop a student-centred academic ecosystem that includes an online career orientation library 4.0, an E-learning platform, an Artificial Intelligence (AI) system, and a centralised data platform to engage students throughout the learning process, as well as a recruitment platform that connects enterprises and high-quality human resources in Vietnam.”

During the previous three years, VTC Academy received full support from VIG for the establishment of three branches in the two most dynamic cities in Vietnam, Hanoi and Ho Chi Minh City. VTC Academy has mainly focused on building a high-quality professional team that develops various academic programmes, according to the strictest recruiting standards.

Therefore, those professionals play a critical role in R&D and are one of the key pillars at VTC Academy. In addition, a large international education partner network has differentiated VTC Academy from other institutions in Vietnam, resulting in its superior academic standards and the reputation.

For the last two years, the Covid-19 pandemic adversely impacted most of the service companies and educational organisations in Vietnam, with several even having to shut down or go bankrupt.

However, VTC Academy proved its agility, adaptability, flexibility, and capacity by consistently coming up with innovative solutions, resulting in revenue and enrolment growth of up to 200 per cent each year over the previous three years.

-- BERNAMA

 


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