VinUni has a total investment of USD279 million

Of the total investment, VND3.5 trillion was used for infrastructure construction and the remainder will be spent on scholarships and financial support for students as well as compensate for possible losses in the first ten years.

The construction of the 23-hectare university with a mock neo-gothic architectural style has been finished after 14 months.

The university consisting of nine buildings, including the main building, student dormitories, a sports complex and technical and support areas which can ensure to serve 3,500 students.

It has set a goal to be listed among the top 50 best newly-opened universities. It has co-operated with Cornell and Pennsylvania universities.

In the 2020- 2021 school year, VinUni is expected to welcome around 300 students in the three main majors of Business Administration, Health Sciences and Engineering and Computer Science.

In the 2020- 2021 school year, VinUni is expected to welcome around 300 students

At the launching ceremony, Deputy Prime Minister Vu Duc Dam said that at present, Vietnam has some 90 private universities, including those invested by firms.

Deputy PM Vu Duc Dam speaks at the opening ceremony on January 15

He called for more private companies’ investment in the education sector like VinGroup.

Minister of Education and Training Phung Xuan Nha praised VinUni’s co-operation with the US’ Cornell and Pennsylvania universities in training and research. This could help VinUni to learn from them.

According to him, VinUni needs to try to be early named in the worldwide prestigious university list, focus on building a modern administration mechanism and attract talents from inside and outside the country.

Nha noted that the Ministry of Education and Training will propose the government to offer more favourable conditions for private universities.