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Economic News

Last updated: Friday, October 20, 2017

 

World Bank Funds Autonomous Higher Education in Vietnam

Posted: Monday, May 22, 2017

The World Bank’s Board of Executive Directors recently approved US$155 million in financing to strengthen the research, teaching, and institutional capacity of three autonomous universities and improve the management of Vietnam’s higher education system.

More than 150,000 students and 3,900 members of faculty will benefit from the investments for the National University of Agriculture, the University of Science and Technology in Hanoi, and the Industry University of Ho Chi Minh City. Some 600,000 students and 27,000 lecturers from other higher education institutions will also broaden their learning resources by gaining access to a digital library at the National Economics University.

The project will support the financing of new facilities and equipment for teaching and research, as well as the strengthening management systems. Science and technology universities as well as research-oriented institutions will benefit, so that lessons can be generalized to inform policies on autonomy and quality assurance for the universities. 

The International Development Association (IDA), the World Bank’s fund for low income countries, will provide US$155 million to the US$174 million project, with the Government of Vietnam providing the remaining financing.

L.A

 








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