The Times Australia
News From Asia

.
The Times Real Estate

.

HDBank and Fulbright University Vietnam sign agreement for reciprocal capital during US President Joe Biden’s visit

HO CHI MINH CITY, VIETNAM - Media OutReach - 13 September 2023 - The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) signed an agreement with Fulbright University Vietnam on September 10 to provide reciprocal capital equivalent to US$20 million for building facilities to improve the quality of teaching and students' lives, develop scientific research and promote innovation.



John Kerry, the US Special Presidential Envoy for Climate, attended the ceremony for the signing of the deal between HDBank and Fulbright University Vietnam. Photo courtesy of the bank.
John Kerry, the US Special Presidential Envoy for Climate, attended the ceremony for the signing of the deal between HDBank and Fulbright University Vietnam. Photo courtesy of the bank.

The agreement was signed in Hanoi at a ceremony organised within the framework of activities on the occasion of US President Joe Biden's state visit to Vietnam.

In the joint Leaders' Statement on elevating the United States-Vietnam relations to a comprehensive strategic partnership, the leaders of the two countries "applauded the work of Fulbright University Việt Nam and its growing role as a regional hub for public policy training."

The signing ceremony was attended by John Kerry, the US Special Presidential Envoy for Climate, and Scott Nathan, chief executive officer of the US International Development Finance Corporation (DFC).

Under the agreement, the committed capital from HDBank will be used to match the loan from the DFC to build Fulbright University at the Saigon High-Tech Park.

HDBank signs the agreement with Fulbright University Việt Nam on September 10 in the presence of John Kerry, the US Special Presidential Envoy for Climate, Scott Nathan, chief executive of the US International Development Finance Corporation. Photo courtesy of the bank.
HDBank signs the agreement with Fulbright University Việt Nam on September 10 in the presence of John Kerry, the US Special Presidential Envoy for Climate, Scott Nathan, chief executive of the US International Development Finance Corporation. Photo courtesy of the bank.

According to HDBank, the agreement has great significance as it marks an important development step between a large commercial bank in Vietnam and the first American liberal arts university in Vietnam.

It is also a very significant event on the occasion of the 10th anniversary of the Vietnam - US comprehensive partnership and in the spirit of the two countries' new comprehensive strategic partnership.

The agreement once again underlines HDBank's commitment and special attention to education and the FUV's mission of inspiring new generations of leaders to create positive changes in Vietnam and beyond.

Dr Scott Fritzen, president of Fulbright University Vietnam, said the partnership would help realise many projects Fulbright has planned in its development strategy.

"We are very excited about the changes that this partnership will bring. The reciprocal capital will accelerate the process of building and developing advanced facilities at Fulbright University, helping us quickly realise our goal of becoming a leading academic, research and innovation hub in Vietnam."

Pham Quoc Thanh, CEO of HDBank, said: "Through the agreement with Fulbright University Vietnam, HDBank fulfils its commitment to supporting education, science and innovation in Vietnam.

"We believe that this funding will significantly contribute to the development of Fulbright University Vietnam and thereby shape the country's technological and academic landscape, promoting development."

Hashtag: #HDBank

The issuer is solely responsible for the content of this announcement.

About HDBank:

HDBank is one of Vietnam's leading financial institutions and has a firm commitment to supporting education, innovation and national development.

Its mission is to provide financial solutions that help individuals and businesses grow and prosper.

About Fulbright University Vietnam

Founded in 2016 as a result of the Vietnam-U.S. partnership, Fulbright University Vietnam is Vietnam's first independent, not-for-profit liberal arts university.

Globally integrated but deeply embedded in Vietnamese society, Fulbright is dedicated to providing a world-class education, utilising the latest advancements in institutional design, teaching, learning, technology, and other fields to create an institution that is both innovative and globally relevant.

It is committed to serving Vietnamese society through rigorous research and responsible civic engagement.

The Times Features

Why Regional Small Businesses in Bendigo Deserve Better Access to Finance in 2025

In the heart of regional Victoria, Bendigo has long stood as a beacon of innovation, resilience and community spirit. As we step further into 2025, the importance of nurturing sm...

Is It Time for a Deep Cleaning? Signs You Shouldn’t Ignore

Most people know they should visit the dentist for a regular check-up and cleaning every six months. But sometimes, a standard cleaning isn’t enough. When plaque and tartar build...

The Hidden Meaning Behind Popular Engagement Ring Cuts

When it comes to engagement rings, the cut of the diamond is not just about aesthetics. Each shape carries its own symbolism and significance, making it an important decision for...

Annual Health Exams in the Office: How They Can Reduce Sick Days and Healthcare Costs

Regular health check-ups, especially annual health exams in the office, can significantly impact the overall well-being of your workforce. A proactive approach to employee health...

Best Deals on Home Furniture Online

Key Highlights Discover the best deals on high-quality outdoor furniture online. Transform your outdoor space into a stylish and comfortable oasis. Explore a wide range of d...

Discover the Best Women's Jumpers for Every Season

Key Highlights Explore lightweight jumpers for spring and summer, ensuring breathability and ease. Wrap up warm with cozy wool jumpers for the chilly autumn and winter season...

Times Magazine

The Essential Guide to Transforming Office Spaces for Maximum Efficiency

Why Office Fitouts MatterA well-designed office can make all the difference in productivity, employee satisfaction, and client impressions. Businesses of all sizes are investing in updated office spaces to create environments that foster collaborat...

The A/B Testing Revolution: How AI Optimized Landing Pages Without Human Input

A/B testing was always integral to the web-based marketing world. Was there a button that converted better? Marketing could pit one against the other and see which option worked better. This was always through human observation, and over time, as d...

Using Countdown Timers in Email: Do They Really Increase Conversions?

In a world that's always on, where marketers are attempting to entice a subscriber and get them to convert on the same screen with one email, the power of urgency is sometimes the essential element needed. One of the most popular ways to create urg...

Types of Software Consultants

In today's technology-driven world, businesses often seek the expertise of software consultants to navigate complex software needs. There are several types of software consultants, including solution architects, project managers, and user experienc...

CWU Assistive Tech Hub is Changing Lives: Win a Free Rollator Walker This Easter!

🌟 Mobility. Independence. Community. All in One. This Easter, the CWU Assistive Tech Hub is pleased to support the Banyule community by giving away a rollator walker. The giveaway will take place during the Macleod Village Easter Egg Hunt & Ma...

"Eternal Nurture" by Cara Barilla: A Timeless Collection of Wisdom and Healing

Renowned Sydney-born author and educator Cara Barilla has released her latest book, Eternal Nurture, a profound collection of inspirational quotes designed to support mindfulness, emotional healing, and personal growth. With a deep commitment to ...

LayBy Shopping