The Luong Van Can Scholarship Fund (LCVF) will first begin to provide scholarships to study in Australia.
A majority of the scholarships will be earmarked for disadvantaged students.
Thenon-profit will cooperate with many local and foreign universities toprovide full and partial scholarships and with a broad spectrum ofVietnamese businesses and industries to provide work placement forstudents.
It will also support local universities with organisingconferences and seminars to enhance leadership and management skills inhigher education in Vietnam.
It has so far raised 10 billion VND (476,190 USD) for its activities.
Luong Van Can (1854-1927), who wrote popular books on business, is considered their guru by Vietnamese businesspeople.-VNA