The new university has an estimated total cost of US$60 million and construction will be divided into 3 phases, of which the US$12 million first phase is scheduled for completion by the end of 2014.

The new BUV campus will be the first international university in the Hanoi area constructed in compliance with British-standard facilities, consisting of functional areas such as learning and office spaces, lecture halls, a research area, and a sports complex.

Once completed, annual student enrolment is expected to approximate 7,000 with an academic curriculum in finance-banking, international business administration, marketing management, and others, accredited by the London University and Staffordshire University.

Earlier, BUV held its Open Day 2014 on the university campus at 193 Ba Trieu Street, Hanoi.

The annual event provided parents and students with information on the UK programmes focusing on consultation, career orientation, skills set training, and internship programmes for first year students.

It also covered recruitment criteria, tuition and fees, and explanation of scholarship programmes.

Established in 2009, BUV is a successful educational cooperation model between Vietnam and the UK.