The World Bank will provide 180.4 million USD for Vietnam in the form of preferential credit to build the Vietnam-Germany university.

An agreement to this effect was signed between the State Bank of Vietnam and the World Bank (WB) in Hanoi on August 13.

The project, which is scheduled to complete in November 2017, will develop infrastructure facilities as well as build a policy framework to make the Vietnam-Germany university a leading technology training and research centre in Vietnam , meeting regional and international standards.

The university is expected to enrol 5,000 students each year, half of them will follow post-graduate courses.

The university will include faculties specialised in electric and information technology, civil engineering, bio-technology, economics and industrial technology, computer science and natural science.

Addressing the signing ceremony, State Bank Governor Nguyen Van Giau spoke highly of the WB’s assistance to Vietnam in strengthening education capacity and development, especially tertiary education.

Construction of the university will help improve tertiary education quality in Vietnam , he said.
The project will receive technical assistance from a group of German experts.

The Germany government will finance the development and implementation of teaching programmes and cover expenses for its lecturers who will teach at the university./.