HOA SUA SCHOOL OF ECONOMICS AND TOURISM

Hanoi, Vietnamwww.hoasuaschool.comMontréal, October 17th to 20th 2011

~An enterprise with a social mission using a business model~Outline

Background of Vietnam’s economy. Vietnam’s Labour Market. Key Issues with Vocational Training and

Employment. A Vocational School for Disadvantaged Youth. Hoa Sua’s Achievements.Hoa Sua’s Challenges.

Vietnam Background

One of the in Asia, growing at about 7% per year;Became the 150th in 2006 and a middle-income country in 2010;Has a (64% of all citizens are at working-age); (rapid growth in service sectors, particularly tourism).

best-performing economies

WTO member

young population

Shift in labour sector

More than people entering the labor market annually; of the labor force is trained (6.5% are trained at vocational colleges);Only of vocational training graduates meet requirements of local enterprises and FDI firms;Vietnam is facing a of skilled workers.

Vietnam The Labour Market

1 million

26%

60%

big shortage

1. Limited access to education, particularly for the young rural and disadvantaged population;

2. Large gap between the vocational training programs being delivered and the needs of local enterprises;

3. Lack of skills among the labour force.

Vocational Training and Employment Key Issues

So … What can be done to ensure that graduates from vocational training schools are able to find jobs suitable for what they have been trained to do?

What impact do policy and economic issues have?

A social vocational school supports Vietnam’s poverty reduction strategy by providing high quality training and job placements to young people, especially to disadvantaged youth.

Hoa Sua School for Disadvantaged Youth What is it?

The Students at Hoa Sua

123456

Business model used to provide education to youth who

would otherwise not have access.

Orphans and street children (26%)

Children of extremely poor families (31%)

Children of war invalids (19%)

Ethnic minority youth (10%)

Abused and trafficked women, natural disaster/ agent

orange victims (3%)

Hearing impaired and disabled youth (11%)

tuition-free

Students

B

E

C

D

A

Prof

essio

nal

and

socia

l

train

ing

Uniforms, accommodation,

meals and transport

Health care

and

psychological

consultations

Scholarships Sport and

cultural

activities

Benefits for Students at Hoa Sua

Hoa Sua has developed a model in which students can begin their on-the-job training in tandem with

their class-based learning through the school’s training outlets.

Hoa Sua’s Business Model

Hoa Sua’s StrategyHoa Sua also provides vocational training adapted to labour market

needs to further narrow the gap between training and employment.

Hoa Sua School+

Enterprises/ Partner Groups

1

4

2Curricu

lum

Develo

pment Evaluation &

Examination

3

Practicum

PlacementJob Orientation

First and still non-public Vocational Training Institute in Vietnam;The assessment center for Vietnam Tourism Occupational Skills;Annual intake of students; Approximately disadvantaged youth were trained since 1994; graduates find jobs right after graduation;Aim to reintegrate graduates (many from rural and minority areas) into their home regions and economies;Majority of professional teachers are former students.

Hoa Sua’s Acheivementsthe largest

first

7507,000

100%

As a private school, Hoa Sua is not subsidized by the Government, making it hard to recruit qualified teachersHigh costs of operating training school-run enterprisesSlow down in business due to current economic crisis and increasing competition from other schools and enterprisesEarly stages of a social economy in Vietnam

Challenges

Hoa Sua’s FutureDevelop new relationships with international organizations to strengthen Hoa Sua school

Develop more partnerships with private enterprises in Vietnam to provide training and employment opportunities for students

Increase self sufficiency and profitability of Hoa Sua’s training businesses

Thank You!

www.HoaSuaSchool.comContact us: hoasuaschool@gmail.com

For further information, visit the Uniterra table in Rm 710