LEADING GLOBAL FUND KKR INVESTS IN SUSTAINABLE EDUCATION DEVELOPMENT IN VIETNAM.22/12/2023
KKR is a leading global investment firm based in the United States and is one of the largest private equity firms in the world, with 33 offices worldwide and an estimated total assets of around $470 billion. Currently, KKR has invested over $1.5 billion in Vietnam, with education being an area of particular interest for the KKR group.
KKR has invested in the EQuest Education Group to develop various areas of education, including primary and secondary education, higher education, and educational technology.
On the occasion of the 10th anniversary of the establishment of the Comprehensive Partnership between Vietnam and the United States, Mr. David Petraeus, Co-Chairman of the KKR Global Institute and Partner at Kohlberg Kravis Roberts (KKR) investment fund, is currently visiting and working in Vietnam to further strengthen KKR's special commitment in Vietnam.
In the field of education, KKR has invested in the EQuest Education Group to develop various areas of education, including primary and secondary education, higher education, and educational technology. In particular, KKR places special emphasis on developing education and the workforce based on the "Lifelong Learning" approach supported by the fund.
KKR places special emphasis on the development of education and the workforce based on the "Lifelong Learning" approach supported by the fund.
With the support and investment from KKR, EQuest aims to build a sustainable, quality, and humane future of education through its commitments to environmental, social, and governance (ESG) principles. One of EQuest's prominent ESG projects is the iLINK project, which combines direct instruction with online learning. The iLINK program teaches English through mathematics and science, with lessons designed according to the curriculum framework of the Ministry of Education and Training.
The program is currently being successfully implemented in the mountainous district of Mù Cang Chải (Yên Bái) through a 5-year free sponsorship. In the first year alone, nearly 4,000 students have enrolled in the program, and it is expected that tens of thousands of students will benefit from the project.
After 1 year of implementation, in Mù Cang Chải district, 2,564 students have successfully completed the English science program, accounting for 69.6% of the participating students, while 2,853 students (77.6%) have excelled in the English mathematics program. This demonstrates a significant improvement in English language skills among students in Mù Cang Chải and the positive impact of the project.
An English teacher in Hanoi is collaborating with 146 local co-teachers to simultaneously teach at 16 primary schools in Mù Cang Chải district (Yên Bái).
Mr. Đàm Quang Minh (Deputy CEO of EQuest Group) stated, "EQuest is committed to partnering with KKR to develop sustainable education in Vietnam through ESG projects. We believe that these efforts will spread positive values and bring benefits to students and the education sector in Vietnam as a whole."
Currently, EQuest and its member units are implementing various community projects, including: Waste and Emission Reduction: Implementing the Green School project to reduce waste and emissions, as well as enhancing green spaces both inside and outside school premises; Mental Health Care: Providing mental health care for students, parents, teachers, and staff through the School of Well-being project; Infrastructure Development: Building bridges and schools in remote and challenging mountainous areas; Scholarships: Providing scholarships for students with special circumstances. These initiatives demonstrate EQuest's commitment to holistic education and their efforts to make a positive impact on the community.
Indeed, member schools of EQuest such as Canada International School, Hanoi Star Education System, Newton, Alpha, Phu Xuan University, and Vietnam-America College are making significant contributions to education in their respective localities.
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