Like China, Vietnam is a communist country with increasingly capitalist economic policies. A fundamental change occurred in these policies with the enactment of Vietnam's "doi moi" (renovation) policy in 1986 that called for a "free market with socialist orientations." However, this economic modernization has inadvertently changed the social dynamics of Vietnamese society and increased stress on families, communities, and schools. As a result of these changes, students in Vietnam are experiencing significant challenges, both at home and at school, which often translate to increases in the number of children experiencing learning, emotional, and behavioral difficulties. Moreover, more than 7 million Vietnamese school-age children are reported to exhibit mental health problems such as depression, anxiety, or oppositional defiant disorders. In order to address the mental health and behavioral needs of school-age children, the Ministry of Education and Training (MOET) of Vietnam issued an official correspondence to all K-12 schools recommending the implementation of vocational and psychological counseling services to both upper and lower high school students. However, the lack of funding and professional training has limited the progress of school-based mental health services for Vietnamese children. In this article, the authors discuss how a school psychology program was established in Vietnam. They also discuss the creation of a consortium of both Vietnamese and American institutions that aims to advance school psychology in Vietnam. Some issues considered critical to the future of school psychology in Vietnam are presented.