The FUV is a non-profit foreign invested educational institution under the State management of the Ministry of Education and Training of Vietnam professionally and the Ho Chi Minh City municipal People’s Committee territorially.
The university is built on the capital and human resources of the US’ Fulbright University with a US$70 million investment, including US$5.3 million for the first phase in 2016, US$20 million for the second phase (2017-2020) and US$44.7 million for the third phase (2020-2030).
The Trust for University Innovation in Vietnam (TUIV), a non-profitable organisation, has registered to establish the FUV, thus it will not be governed by shareholders or by other private education institutions in Vietnam.
The TUIV has mobilised capital for the project from funds by the US Government, philanthropy, organisations and individuals in both the US and Vietnam.
The FUV is managed by an independent Board of Trustees, which will hire a rector to operate the university. In principle, the FUV is of the society and the community and all added values will be reinvested in the university. It will recruit talented Vietnamese scholars and scientists through establishing a professional working environment and an encouraging policy which is similar to other leading international universities.
The FUV plans to enroll students by the end of this year in public policy; management, scientific, technical, engineering and mathematics majors; medicine; social sciences and humanities; and interdisciplinary sciences.
