SINGAPORE (Dec 19): MindChamps PreSchool has signed a master franchise agreement with Vietnam’s Evergrande Group to open 20 of its preschool and reading centres in the country.

The signing was announced today and took place between MindChamps CEO & executive chairman, David Chiem, and Evergrande’s CEO & executive chairman, Pham Tuan Son.

This comes a month after MindChamps announced its intention to launch 10 preschool centres and five reading centres in Myanmar under the MindChamps brand.

See: MindChamps franchisee to launch 10 preschools, 5 reading centres in Myanmar

“Being able to bring the MindChamps model of education to Vietnam is extremely rewarding. There is nothing more meaningful than to able to contribute to the young minds who will be the future leaders of Vietnam,” says Chiem.

Shares in MindChamps closed 1 cent higher at 77 cents on Monday.