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Vietnam: agency sector overhaul underway

After the Vietnamese government passed sweeping regulations to clean up the education agency industry at the beginning of 2013, the first cohort of agents has undergone the certification course necessary to continue operating. But one education agency has told The PIE News that the nearly US$25,000 required escrow account is exorbitant in a Vietnamese context.

Korean agency Uhak.com acquired by Loyalist Group

In more exciting acquisitional activity in the education agency space, Canada's Loyalist Group has reported it is set to acquire Uhak.com (Uhak), South Korea’s largest education agency, for CAN$8.1m, of which $5.3m will be paid in cash. Loyalist's CEO said the deal meant "a new dimension to Loyalist's vertical integration strategy".

UK to send 25,000 students to India by 2020

A UK-wide campaign to send 5,000 UK students a year to India over the next five years has been announced by Greg Clark, UK Minister for Universities, Science and Cities, while visiting Delhi last week for the Federation of Indian Chambers of Commerce & Industry HE summit.