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The Mekong Delta city of Can Tho will invest more than VND9.6 trillion (US$422.4 million) to upgrade the city's education system by 2030, announced Chairman Vo Thanh Thong of Can Tho municipal People’s Committee.

During a meeting yesterday with relevant city departments on attracting foreign investment and upgrading education infrastructure by 2030, Thong said that most of the money will be used to upgrade infrastructure and expand schools’ size at pre-school, secondary and tertiary levels towards standardisation and modernisation, meeting the need for high quality human resources for the whole region.

Each year, VND520-550 billion from the State budget will be used for the work and VND55-60 billion will be mobilised from the private sector. Funding for information technology equipment is about VND11 billion per year.

The city will focus on three key measures: expanding investment in building educational infrastructure in rural and remote areas; giving priorities in land use for schools’ development; and calling for foreign investment in high quality international school models.

As planned, by 2030, the city will build 183 new schools. The city targets to have 507 schools meeting national standards, an average increase of 40 schools a year; all communes/wards with secondary schools meeting national standards; and over 80% of communes/wards with preschools, secondary and high schools meeting national standards.

Currently, Singapore’s KinderWorld education group has approval from the city’s authorities for its construction of three international schools in Can Tho, including the 25,595m2 Singapore International School to be built in Ninh Kieu district, Pegasus University on Nguyen Van Cu street, Ninh Kieu district, and the life skills education school Outward Bound in O Mon district. Construction for the three projects will kick start in August 2016, contributing to improve education quality in Can Tho.