During the official visit of US President Joe Biden to Vietnam, Ho Chi Minh City Development Commercial Joint-Stock Bank (HDBank) and Fulbright University Vietnam signed a cooperation agreement to provide reciprocal capital worth $20 million to build the school and facilities.
The financial resource is expected to further improve the quality of teaching and student life, develop scientific research, and promote innovation. This signing will contribute new value to the community and create the best opportunities for the younger generation at Fulbright University Vietnam.
The event took place on September 9 in the presence of US Presidential Envoy John Kerry and Scott Nathan, general director of the US International Development Finance Corporation.
The partnership agreement is significant as it marks an important development step between a large Vietnamese commercial bank and Vietnam's first university to follow the American liberal education model.
According to the agreement, HDBank's capital will be used to match a loan from the US International Development Finance Corporation to build Fulbright University in the Saigon Hi-Tech Park.
The event is also significant as part of the 10th anniversary of the Vietnam-US Comprehensive Partnership, highlighting the spirit of the two countries’ new Comprehensive Strategic Partnership relationship.
With the capacity and vision of both sides, the signing underscores HDBank's commitment to education, inspiring new generations of leaders to bring positive change to Vietnam and the wider world.
Dr. Scott Fritzen, president of Fulbright University Vietnam said, "The cooperation will promote the realisation of many projects in the pipeline of Fulbright's development strategy. We are very excited about the changes this tie-up will bring. This reciprocal capital will accelerate the process of building and developing advanced facilities at Fulbright, helping us quickly achieve our goals. We will become the leading academic, research, and innovation centre in Vietnam."
Pham Quoc Thanh, general director of HDBank said, "Through the signing with Fulbright University Vietnam, HDBank is committed to supporting education, science, and innovation in the country. We believe that this capital will make a significant contribution to the development of Fulbright University Vietnam, thereby shaping the nation's technological and academic landscape and driving a happy, better, and thriving Vietnam."
| ||HDBank launches 'Korea Desk' |
To welcome the visit of President Yoon Suk Yeol and a delegation of over 200 large Korean enterprises to Vietnam, HDBank has officially launched the 'Korea Desk', a department providing specialised banking products, services, and advisory support for Korean corporate customers in Vietnam.
| ||HDBank generates $231 million profit in H1 |
Ho Chi Minh City Development Joint Stock Commercial Bank announced business results for the first half of 2023, with pre-tax profit reaching nearly VND5.5 trillion ($231.6 million), continuing its growth trajectory of the last 10 years.
| ||HDBank receives Digital Innovation award at the ASEAN Business Awards 2023 |
Ho Chi Minh City Development Joint Stock Commercial Bank is the only bank in Vietnam to receive the "Digital Innovation" award by the ASEAN Business Awards - ABA 2023.