Ivy League Cornell To Collaborate with VinGroup in Hanoi
Two of the most prestigious names from Vietnam and US are debuting their first collaborative project: the Cornell- Vin University in Hanoi. VinGroup, one of the most renowned development firm in Vietnam is stepping up its game in the education industry joining Ivy League’s Cornell University to establish a world class campus in Gia Lam of Hanoi. The investment cost, although undisclosed, is estimated to be more than US $220 million.
The campus for this private and nonprofit university by VinGroup and Cornell, will break ground end of the year at a ceremony in the Gia Lam urban area of Hanoi. Cornell, based in New York and founded in 1865, will be involved in a multi-year consultation position to provide advising on the development of campus infrastructure, reviews, curriculum development and faculty hiring. Project experts intend for Cornell- Vin University to meet the Quacquarelli Symonds 5-star rating standards, the highest audit rank available from the British education ranking system.
The university will initially offer five major curriculums: School of Management, School of Technology, School of Medicine, School of Nursing, and School of Public Health and Health Sciences. The newly found institution will be able to provide esteemed faculties to educate a new force of industry experts for Hanoi. Ms. Le Mai Lan, vice chairwoman of VinGroup added, “we envision Cornell Vin Uni[versity] as a place where students can advance their skills in the areas of business, technology and health science, and we hope that our graduates will help Vietnam become a stronger competitor in Southeast Asia and on the global stage.”
Enrolled students will take a mix of business, technology and health policy courses, including core courses required for each of the degrees. Cornell-Vin University has already begun to recruit department staff this month to begin its course development program. By 2020, administrators hope to enroll as many as 300 students in the university’s inaugural class.
Hanoi is expected to reach a GDP of US $9,000 by 2020 with its technology-based manufacturing sector and has plans to become a major smart-city in ASEAN by 2030. There already exist the foundation with manufacturing businesses ran by mega names in the industry including Samsung, Intel and Amazon at the Saigon Hi-Tech Park. The next step for Hanoi, is to integrate its plan by expanding an educated work force. The establishment of a technology-based university will aid the development of startups and the much-needed professional work force in the innovative sector. The new institution would likely be able to retain a local work force as Vietnamese spend more than US $3 billion each year on overseas study.