Ministry Hands over University to Vietnam Academy of Science & Technology

The Ministry of Education and Training held a ceremony in Hanoi on April 20 to officially hand over Hanoi Science-Technology University (HSTU) to the Vietnam Academy of Science and Technology (VAST), state media report. The event was held in accordance with the Prime Minister’s decision issued on March 18, 2016 on assigning the VAST to directly manage HSTU. As a leading scientific research and postgraduate training institute in Vietnam, the VAST is believed to provide HSTU with favorable conditions during its professional development stage, said Bui Van Ga, Deputy Minister of Education and Training. In 2011, the Asian Development Bank (ADB) approved loans of $190 million for the establishment of HSTU, which supports research, technical innovation, and skills development. The French government also complemented the ADB assistance by extending about EUR100 million ($113 million) over 10 years to help develop the university, which has a contribution of $23 million from the Vietnamese Government. (vietnamplus.vn Apr 20)