The Hanoitimes - Leveraging TPG’s expertise in Asia and in the education sector, Vietnam Australia International School (VAS) will continue to expand its campuses, improve the quality of its programmes, and further develop its staff to remain the market leader in the bilingual K-12 education segment in Vietnam.
TPG is a leading global alternative asset firm with more than $74 billion of assets under management. TPG Capital Asia is the dedicated Asia platform for TPG, with investment professionals in Beijing, Hong Kong, Melbourne, Mumbai, Seoul, and Singapore, managing more than $6 billion in assets.
As one of the first private equity firms to invest in Asia, some of TPG Capital Asia’s past and current investments include 8990 Holdings, Cushman & Wakefield, Healthscope, HCP Packaging, Janalakshmi Financial Services, Lenovo, Myer, PropertyGuru, Union Bank of Colombo, and Wharf T&T.
Across platforms, TPG’s past and current investments in Vietnam include Proconco, Masan Group, and FPT Corporation. “VAS is a business that is uniquely adapted to the Vietnamese market. Its innovative educational model responds to the needs and preferences of the expanding middle-class, and it has a strong brand with great potential for growth,” said Dominic Picone, managing director of TPG Asia.
It is now the largest private K-12 education group in Vietnam. The school system’s growth has thrived since it introduced the Cambridge International Curriculum, which has led to an increase from 4,100 students in 2014 to its current total.
With investments in new buildings and facilities such as the newly-opened Garden Hills campus and planned campuses in Ho Chi Minh City and Hanoi, the school system is bringing more educational opportunities to students throughout Vietnam.
The growth of VAS has been achieved by a dedicated team of more than 1,300 high-quality Vietnamese and international teachers and staff, many of whom have been with the school since its inception. Many alternatives to public education have been opened in recent years in Vietnam, especially private schools teaching international programmes.
Students enrolling in the VAS bilingual programme have advantages in terms of knowledge, skills, certificates, and diplomas issued by the Cambridge International Examinations Council (CIE), which have permanent, worldwide currency. Students also receive the national Ministry of Education and Training-mandated qualifications.
By Tuan Minh