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Vingroup opens VinUni University in Hanoi

Conglomerate Vingroup officially opened its VinUni University (VinUni) as the first Vietnamese private and not-for-profit university at the Vinhomes Ocean Park urban area in Gia Lam district, Hanoi, on January 15.

Speaking at the ceremony, Deputy Prime Minister Vu Duc Dam said that investment in science and education is a vision for every nation.
Delegates cut the ribbon to officially open VinUni University (VinUni)
at the Vinhomes Ocean Park urban area in Gia Lam district, Hanoi, on January 15 (Photo: VNA)

In recent years, all economic sectors are encouraged to invest in education and science. Private universities make up 25 percent of the country’s total facilities. In particular, a number of successful businesses in the field of manufacturing and others have spent resources to invest in education, university training and scientific research, including Vingroup, he said.

He hoped Vietnam would have more and more businesses, organisations and individuals investing in education and science, saying it is not only good for their own business, but also a social responsibility, the future of the country.

After 14 months of construction, VinUni was completed on a total area of 23ha. Infrastructure was built following the leading Quacquarelli Symonds’ QS five-star university standards. The university includes nine buildings, including the main building, dormitories, sports complex, library, labs and simulation buildings, meeting the demands of teaching and study for 3,500 students.

On December 17, 2019, the Prime Minister officially approved the establishment of VinUni with total investment of 6.5 trillion VND (279 million USD) from conglomerate Vingroup, of which 3.5 trillion VND was earmarked for infrastructure investment and 3 trillion VND for talent, scholarships and operation over the first 10 years.

In the first phase, VinUni will focus on three institutes: Business Administration, Health Sciences and Engineering and Computer Science. The three majors aim to meet the current and future needs of Vietnam as well as global trends in eight specific fields: hotel management, business administration, real estate management, electrical engineering, mechanical engineering, computer engineering, medicine and nursing.

To realise the goal of becoming one of top 50 leading young universities in the world, VinUni also cooperated closely with two world leading universities, including Cornell and Pennsylvania in developing management, training, recruitment and quality assessment programmes.

In the 2020-21 academic year, VinUni plans to receive 300 students in the institutes. VinUni will also support 35 percent of tuition fees for all students, equivalent to between 12,000 USD to 15,000 USD during the first five academic years.