Forecast: Total Tertiary Education Graduates in Services in Vietnam

The total number of tertiary education graduates in services in Vietnam has been on a consistent upward trajectory. As of 2023, there were 27.1 thousand graduates, reflecting steady growth with a yearly increase of 3.77% from 2022. Over the last two years, the average annual growth rate (CAGR) stood at 4.29%, with this trend contributing to a higher baseline for subsequent years. Historical data revealed notable year-on-year fluctuations, with some years experiencing significant spikes such as 2014's 21.24% increase. Over the last five years, the average annual growth was around 4.29%, indicating a solid, albeit slowing, upward trend.

Looking forward, forecasts indicate a continuing rise in graduates, with an anticipated CAGR of 2.49% by 2028, slower compared to recent years but still reflecting positive growth. It is expected to reach 31.73 thousand by 2028, contributing to a forecasted 13.09% growth over the next five years.

Future trends to watch for include:

  • The impact of digital transformation on education systems, potentially increasing the number of graduates due to improved access and flexibility.
  • Evolving industry demands for specific skill sets within the services sector, influencing the types and numbers of graduates.
  • Government policies and investments in higher education.

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