Week 9 - Carl Lorenzo

In the article, National Policies on Skilled Labor and the Cross-border Student Market, with a Focus on Vietnam, readers are taught the economic partnership Vietnam has with its students seeking higher education. Because Vietnam’s tertiary level education has limited seats with substandard education in comparison internationally many students study abroad. These students are mostly self-funded and many stay overseas and find work. Vietnam has taken no action to tackle the brain drain taking a “laissez faire” position.  Because of this Vietnam is focusing on a ways to stop the brain drain and bring overseas students home to work domestically. Vietnam is encouraging private support for studying abroad and a strict policy on working abroad to return home after 3 years. Even if students decide to stay overseas for the duration of their education they pay taxes back to Vietnam. The Vietnamese economy can depend on an economy of students studying abroad to maximize profit until they provide a better education system.

How are most these students self-funded?

Cate Gribble. “National Policies on Skilled Labour and the Cross­border Student Market, with a  Focus on Vietnam.”