General Secretary of the ceremony the investment certificate for the University Fulbright Vietnam

10/7 morning (local time), in New York, the General Secretary of the Party Executive Committee Nguyen Phu Trong PRIVATE witnessed granted investment certificate for the project Vietnam Fulbright University.
HCM City Party Committee Secretary Le Thanh Hai has awarded licenses for president Thomas Vallely Trust Fund initiative University Vietnam (TUIV). With this license, Fulbright University will be built on 15 hectares of land in HCM City hi-tech park.

Mr. Thomas Vallely said Fulbright University will operate under the non-profit model, based on the essential principles of management of elite education, namely: transparency and accountability, autonomy and weight talents, respect each other and inspire teaching.

Fulbright school representatives also expressed the wish to be factors contributing to the development of economic and social situation of VN also as a bridge for education VN with the outside world.

Speaking at the ceremony, General Secretary Nguyen Phu Trong highly constructive initiative Fulbright Vietnam University. He asserted that it was time to build a more comprehensive university, more fundamental in Ho Chi Minh City, with modern management system, equipped with the knowledge to suit the needs of Vietnam.

The General Secretary also endorsed his proposal that the University Fulbright Thomas Vallely should be given more autonomy in other fields.

University Fulbright desire to build two leaders also raised in the meeting of the General Secretary Nguyen Phu Trong and President Barack Obama at the White House on 7/7.

Cooperation in education and science is regarded as one of the important pillars of cooperation between the US and Vietnam. "If done well Universities Fulbright Vietnam we also contribute to strengthening good relations confirmed between Vietnam and the US ", stressed the Secretary General.

Prior to that, from January 4/2014 University Fulbright was the Prime Minister agreed on a policy of building. Approximately $ 20 million was passed by Congress in May 12/2014 allowed the US State Department to work with TUIV to deploy funds sponsored Fulbright university requirements to ensure the independent, not-for-profit and ensure the required quality American universities.

Investment capital project execution Vietnam Fulbright University estimated $ 100 million in the first five years. So far, the school has raised funds to contribute about $ 40 million, including cash and in kind.

Fulbright University is expected to start construction in 2016 and opened in September last year. Schools will develop towards a multidisciplinary comprehensive university, focusing on the sector of management, public policy, engineering, applied sciences, social sciences and humanities.

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