World Bank grants USD 295 million to develop three key Universities of Vietnam

02/07/2020

 

On June 30, The World Bank (WB)’s Board of Executive Directors has approved grants totalling USD 422 million to enhance Vinh Long city’s climate change resilience as well as improve the quality of three national key universities.

These two credits are provided by the International Development Association (IDA).

The credit of USD 295 million will be allocated to a project to improve teaching and research capacity at the Vietnam National University (VNU) – Hanoi, VNU – Ho Chi Minh City, and the University of Danang.

 

The University of Danang. (Photo: VTC)

 

Through investments in state-of-the-art infrastructure, cutting-edge equipments and knowledge transfer, it will help boost the transformation of these three universities into regionally competitive educational institutions with advanced teaching and research capabilities.

The university development project aims to address some key challenges faced by the higher education system. With the new funding, university infratructure which are overloaded and obsolete, will be upgraded to be modern, integrated, green and digital ready.

The project is also expected to enhance institutional capacity and adopt new digital technology, in line with the national goals identified in the recently amended law on higher education and the upcoming 10-year higher education strategy.

“Investing in human capital and urban development are among the top priorities of the World Bank’s engagement in Vietnam”, said Ousmane Dione, World Bank Country Director for Vietnam. “These two projects will help accelerate real progress in areas critical to sustainable growth for Vietnam: skilled workers and more efficient and greener infrastructure”.

News by the International Cooperation Department – UD