ID :
19877
Wed, 09/17/2008 - 10:15
Auther :
Shortlink :
http://m.oananews.org//node/19877
The shortlink copeid
Education sector gets 24 billion USD
Hanoi (VNA) - The Government plans to invest 410 trillion VND (24
billion USD) in the education sector from 2008-20, according to the Ministry of Education and Training.
To raise the capital, the State plans to issue bonds worth 4-5 trillion
VND (235-294 million USD) annually. Under the ministry's national education
development strategy, schools will upgrade and build accommodation for
teachers.
In addition, around 20 trillion VND (1.1 billion USD) will be raised from
Official Development Assistance (ODA) for the education sector over the next
five years.
Some 60 percent of lottery sales, estimated to be worth 3.9 trillion VND
(234 million USD) this year and 5.4 trillion VND (317 million USD) in 2012,
will also go to the education sector.
Funds mobilised from other sources, particularly individuals and
businesses, is expected to meet 8-10 percent of the total education budget.
So far this year, the State has allocated 67 trillion VND (3.9 billion
USD) for education and training, some 90 percent of its yearly education
spending target.
"The ministry plans to collect capital for education investment from
pre-school and higher education fees, which will be equivalent to 6 percent
of the average household income in each locality," said Nguyen Van Ngu, head
of the ministry's Financing and Planning Department.
Education fees are expected to reach nearly 19.6 trillion VND (1.1 billion
USD) in 2008 and nearly 132 trillion VND (7.7 billion USD) by 2020.
Under the national education development strategy, all five-year-olds will
attend school by 2020.
The Government plans to build at least five universities, which will be in
the top 100 in the Association of Southeast Asian Nations (ASEAN) and
attract 15,000 foreign students.
Under the education plan, literacy rates among those aged 15 and over is
expected to reach 96 percent by the end of the decade and 98 percent by
2020. According to the ministry, the current literacy rate is 94 percent.
Vocational training will also be provided for around 30 percent of
high-school graduates by 2020, under the plan.
The Government is aiming to have 200 people out of every 10,000 in
full-time university education, rising to 450 by 2020.
The ministry is also planning to revamp education management, boost skill
levels among education staff, appraise education facilities and improve
vocational training to meet business demand. It is also planning to
standardise science and technology research and training centres.
Nguyen Viet Thinh, head of Hanoi Teachers Training University ,
said it was particularly important to raise teaching standards at pre-school
and primary school levels, which serve as a foundation for higher learning.
Dang Van Uy, head of Maritime University , said funds should be
allocated for training human resources to meet demand.-Enditem
billion USD) in the education sector from 2008-20, according to the Ministry of Education and Training.
To raise the capital, the State plans to issue bonds worth 4-5 trillion
VND (235-294 million USD) annually. Under the ministry's national education
development strategy, schools will upgrade and build accommodation for
teachers.
In addition, around 20 trillion VND (1.1 billion USD) will be raised from
Official Development Assistance (ODA) for the education sector over the next
five years.
Some 60 percent of lottery sales, estimated to be worth 3.9 trillion VND
(234 million USD) this year and 5.4 trillion VND (317 million USD) in 2012,
will also go to the education sector.
Funds mobilised from other sources, particularly individuals and
businesses, is expected to meet 8-10 percent of the total education budget.
So far this year, the State has allocated 67 trillion VND (3.9 billion
USD) for education and training, some 90 percent of its yearly education
spending target.
"The ministry plans to collect capital for education investment from
pre-school and higher education fees, which will be equivalent to 6 percent
of the average household income in each locality," said Nguyen Van Ngu, head
of the ministry's Financing and Planning Department.
Education fees are expected to reach nearly 19.6 trillion VND (1.1 billion
USD) in 2008 and nearly 132 trillion VND (7.7 billion USD) by 2020.
Under the national education development strategy, all five-year-olds will
attend school by 2020.
The Government plans to build at least five universities, which will be in
the top 100 in the Association of Southeast Asian Nations (ASEAN) and
attract 15,000 foreign students.
Under the education plan, literacy rates among those aged 15 and over is
expected to reach 96 percent by the end of the decade and 98 percent by
2020. According to the ministry, the current literacy rate is 94 percent.
Vocational training will also be provided for around 30 percent of
high-school graduates by 2020, under the plan.
The Government is aiming to have 200 people out of every 10,000 in
full-time university education, rising to 450 by 2020.
The ministry is also planning to revamp education management, boost skill
levels among education staff, appraise education facilities and improve
vocational training to meet business demand. It is also planning to
standardise science and technology research and training centres.
Nguyen Viet Thinh, head of Hanoi Teachers Training University ,
said it was particularly important to raise teaching standards at pre-school
and primary school levels, which serve as a foundation for higher learning.
Dang Van Uy, head of Maritime University , said funds should be
allocated for training human resources to meet demand.-Enditem
