April 4th, 2020, Ho Chi Minh City. Fulbright University Vietnam signed a retainer letter with U.S. International Development Finance Corporation (DFC) to explore financing opportunities in support of the construction of Fulbright’s flagship campus on the 15-hectare site donated by the Vietnamese government in the center of Saigon High Tech Park. This retainer letter represents the first step to a long-term collaborative effort, as Fulbright and DFC work closely together to formalize a debt financing agreement.
As America’s development bank, DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. DFC is committed to fostering a more prosperous Vietnam and Indo-Pacific region, including through investment in education. The U.S. – Vietnam bilateral relationship as well as the investment’s potential contribution to the development of Vietnamese education are key factors for DFC in considering the investment.
“DFC and Fulbright share a commitment to supporting the development of quality, accessible education in Vietnam. Our eyes are set to the future. The support of DFC would bring us closer to one that is sustainable and community driven, and to a home for the leaders of tomorrow.” President Dam Bich Thuy said.
U.S. International Development Finance Corporation (DFC) is America’s development bank. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. For more information, visit www.dfc.gov
About Fulbright University Vietnam:
Fulbright University Vietnam is Vietnam’s first independent, not-for-profit, liberal arts university. We are an expanding international team of educational innovators, with deep roots in Vietnam, strong political and financial backing, and connections to educational institutions around the world. We believe in the power of collaboration, transdisciplinary thinking, and risk-taking, and we understand that effective education requires putting students at its center. Globally integrated but deeply embedded in Vietnamese society, Fulbright is dedicated to providing a world-class education, utilizing the latest advancements in institutional design, teaching, learning, technology and other fields to create an institution that is both innovative and globally relevant. Importantly, Fulbright is committed to serving Vietnamese society through rigorous research and responsible civic engagement.