Vietnam to have internationally standard university

The World Bank will provide US$180.4 million for Vietnam in the form of preferential credit to build the Vietnam-Germany University. An agreement to this effect was signed between the State Bank of Vietnam and the World Bank (WB) in Hanoi on August 13. The project, which is scheduled to be completed in November 2017, will develop infrastructure facilities as well as build a policy framework to make the Vietnam-Germany University a leading technological training and research centre in Vietnam that meets regional and international standards. The university is expected to enrol 5,000 students each year, half of them will be following post-graduate courses. The university will include specialised faculties for electronic and information technology, civil engineering, bio-technology, economics, industrial technology, computer science and natural science. Addressing the signing ceremony, State Bank Governor Nguyen Van Giau spoke highly of the WB’s assistance to Vietnam for strengthening its education capacity and development, especially in tertiary education. Construction of the university will help improve the quality of tertiary education in Vietnam, he said. The project will receive technical assistance from a group of German experts. The German government will finance the development and implementation of teaching programmes and cover expenses for the lecturers who will teach at the university.(VNA)