Vietnam will build its first public international university in the southern province of Binh Duong with a capital of US$180 million, the government said in a statement on its website Saturday.
The Vietnam-Germany University project, covering an area of 150 hectares, is part of a larger government plan to establish four international standard universities in the country.
The project aims to provide advanced education in science for excellent students who cannot afford to study abroad. The government said 40 German universities will participate in the project.
Of the total investment, $160 million will be sourced through official development assistance, the government said.
Deputy Prime Minister Nguyen Thien Nhan will be the first chairman of the Vietnam-Germany University.