Fulbright University Vietnam will be the first private and non-profit university in Vietnam and a key highlight of education cooperation between Vietnam and the US.
The Fulbright University Vietnam (FUV) will be an important highlight in education cooperation between Vietnam and US, according to the Shared Vision Statement of the two countries approved when Party General Secretary Nguyen Phu Trong held talks on July 7 with President Barack Obama during his official visit to the US.
According to the Shared Vision Statement, Vietnam and the US desire to promote educational cooperation through an educational organization such as FUV and other education programs, as well as in the field of English training.
Approved by the Prime Minister last year, the FUV project is expected to have investment capital of $70 million, with $5.3 million in the first phase and $20 million in the second phase.
The university will be established in Ho Chi Minh City, inheriting the knowledge and human capital of the Fulbright Economics Teaching Program (FETP, or the Fulbright School), which celebrated its 20th anniversary last year.
In a meeting with students at the Vietnam National University, Hanoi, US Ambassador to Vietnam, H.E. Ted Osius, affirmed that the establishment of FUV received strong support from the US Congress. “I hope that in the future FUV will receive more funding from US businesses operating in Vietnam,” he was quoted as saying.
After being established, FUV will be the first private and non-profit university in Vietnam, creating a talent training system and being a forum for policy recommendations.