
Vietnam’s international-school boom is a policy artefact. Decree 86/2018/ND-CP (effective 1 August 2018, replacing Decree 73/2012) raised the ceiling on Vietnamese-citizen enrolment at foreign-invested schools from 0–20% (varying by phase) to just under 50% of total enrolment. The change unlocked local demand and a wave of school openings and acquisitions in HCMC and Hanoi. ↗
The classification trap. Many schools marketed as “international” in HCMC are legally Vietnamese-owned private bilingual schools — exempt from the 50% cap, and commonly enrolling 80–95% Vietnamese students. The branding looks identical; the regulatory regime, curriculum obligations (Vietnamese language and culture requirements differ), and classroom mix do not. Ask every school a direct question: are you a foreign-invested school under Decree 86, or a Vietnamese private school with an international programme? ↗
Licensing is multi-stage. Foreign-invested schools hold an Investment Registration Certificate, an Establishment Registration Certificate and an education-operation licence, overseen nationally by the Ministry of Education and Training (MOET) and locally by the Department of Education and Training (DOET). Foreign-invested schools enrolling Vietnamese students must also deliver Vietnamese language and culture instruction to them. ↗