The Franklin Group and the Apax Holdings Joint Stock Company (JSC) under Egroup have worked together to launch American high school education in Vietnam through the Apax Franklin Academy system.
The two signed a memorandum of understanding (MoU) in Hanoi on August 23.
The Apax Franklin Academy will become the first academic system in Vietnam to offer high school education and college-preparatory in accordance with the Blended Learning model - a combination of online teaching and direct support at academic institutions in Vietnam.
The study cost is about 70 per cent of the cost of studying abroad. The Apax Franklin Academy also offers English language study programs, career guidance, and college preparation in the US and other countries, such as the ESL program, English Language Proficiency (ELE), and SAT / ACT / GED certification.
Apax Holdings will also provide opportunities to study in the US right after high school, through short-term cultural exchanges, overseas studies, and scholarships in the US.
Mr. Nguyen Ngoc Thuy, Chairman of Egroup and Apax Holdings, said there are now more opportunities to learn from new sources of knowledge and technology is the foundation for developing an effective learning method consistent with the trend towards globalization.
“With the development of the Franklin system, we expect the curriculum will prepare students for the best possible course of study in the US and Europe,” he said.
Mr. David Hooser, Founder and Chairman of the Franklin Group, said it has had experience in the US since 2009 and he visited Vietnam to inspect education institutions before selecting Apax Holdings as a partner. “We want to create opportunities for students in Vietnam to approach modern education,” he said.
Apax Holdings is an investment company in the field of education and training and is listed on the Icom Stock Exchange. In the third quarter, its shares will be transferred from UPCoM to HSX.
It will launch the five-star Apax English center within a year and will continue to invest in the iGarten Education JSC, which offers bilingual kindergarten studies applying the STEAM teaching method.
It will also cooperate with Egroup to build and finalize the Education Park project, a business training academy that has achieved success in South Korea over the last 30 years.