The British University Vietnam (BUV) on Wednesday signed a memorandum with Viet Hung Urban Development and Investment JSC to locate the main campus of the university in Hanoi's Ecopark.
Officials said the first British owned university in Vietnam will have its main campus designed by renowned international architects and take three years to build.
Meanwhile, students will study at the university campus in the capital city's Bà Triá»‡u Street that was opened by HRH Prince Andrew and the Duke of York in October 2010.
University officials said the main campus will eventually have a student population of 10,000 and will include student accommodation, sports facilities and other learning environment that represents the "best of British higher education".
Sir Graeme Davies, the President of the British University Vietnam and until recently the President of the University of London said, "We are delighted with the signing of this agreement to locate our main campus at Ecopark. It helps us create the ideal learning environment for our students and is a big step for our development in Vietnam."
The university has plans to open another campus in Ho Chi Minh City in the near future, he said.