Vietnam is estimated to set aside 66. 77 trillion Vietnamese dong (VND) (over 4.17 billion U.S dollars) from the state budget for education sector in 2007, accounting for 20 percent of its state budget's spending in the year, up 20.7 percent over 2006.
Of the total money, 85-90 percent is set to spend on paying salaries and allowances for employees in the educational sector, and the rest mainly on purchasing teaching and learning equipment, local newspaper Vietnam Economic Times reported Monday.
Vietnam is expected to increase its investment from the state budget in the education sector to 76.2 trillion VND (over 4.76 billion dollars) in 2008, or 20 percent of its state budget's spending in the year.
By mid-2005, Vietnam, with a population of some 82 million at that time, had 22.5 million students from pre-school to higher education, or over 27 percent of its population, who attended 214 universities and colleges, 546 vocational training establishments, 26,359 grade schools, and 10,104 kindergartens, according to the country's Ministry of Education and Training.
Vietnam had literacy rate of 95.4 percent and 13 university students per 1,000 residents by mid-2005.
Source: Xinhua
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