BALTIMORE, Oct. 25, 2016 /PRNewswire/ -- Across the U.S., Sylvan Learning is known for being the leading supplemental education resource for children of all ages and grade levels. The personalized education enrichment brand offers unparalleled expertise through its core programs, including math, reading, study skills, homework help and test prep. And now, those services are being made available in Vietnam by licensing its superior STEM product line of robotics, coding, engineering, Math Edge and Algebra Edge to Vietnam Investments Group (VIG) in partnership with the American Academy of Vietnam (AMA).
The country is an ideal market for Sylvan to grow and develop in because nearly a quarter of Vietnam's population of 94 million is under the age of 15, and the country is increasingly becoming committed to STEM education. The government even has policies in place supporting the growth of the engineering, complex manufacturing and technology industries.
Sylvan is planning to begin offering its STEM programs, known as Sylvan EDGE, in the country this November, with additional programs expected to launch in 2017. Initially, the program will be available in Hanoi and Ho Chi Minh City.
"We are very excited to be working closely with Sylvan Learning to launch the premier STEM and mathematics programs in Vietnam," said David Do of VIG. "Sylvan's programs are highly complementary to AMA's offerings and will be very productive and beneficial for AMA students."
Founded in 2007, VIG is a private equity firm with $400 million under management. Its purpose is to provide growth capital—both control and minority shares—to Vietnamese mid-market companies in high growth sectors. That includes the education industry, with a specific focus on programs geared toward students of all ages learning the English language.
But Vietnam isn't the only country Sylvan is targeting as part of its recent international development initiative—the brand is also currently in advanced negotiations to open more locations across the Middle East. Beyond the U.S. and Canada, Sylvan currently has centers thriving in United Arab Emirates, Bahrain, Guam, Hong Kong, Kuwait, Oman and Kuwait.
"We are entering a new chapter as we accelerate into growth mode," said John McAuliffe, Sylvan Learning's CEO. "With nearly 50 new agreements in North America this year, we are looking forward to expanding our offerings into Vietnam and beyond. There's a universal need for our services everywhere, and there's no limit to where we can open up our doors for business."
Backed by its cutting edge technology, Sylvan is planning to continue its international expansion efforts throughout the next year. In 2017, the brand will target China, India, the Caribbean and Latin America for growth.
About Sylvan Learning, Inc.
With more than 35 years of experience and more than 750 locations throughout North America, Sylvan Learning is the leading provider of personal learning for students in grades K-12. Sylvan is transforming how students learn, inspiring them to succeed in school and in life. Sylvan's proven tutoring approach blends amazing teachers with SylvanSync™ technology on the iPad® for an engaging learning experience. Sylvan also leads the way with Sylvan EDGE—STEM and accelerated courses and Sylvan Prep —college and test prep courses. Sylvan supports families through every stage of the academic journey. For more information, visit www.SylvanLearning.com or SylvanLearning.com/blog.
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SOURCE Sylvan Learning