VietNamNet Bridge – The State Bank of Vietnam (SBV) and the World Bank (WB) signed an agreement in Hanoi on December 16 to grant US$50 million for the second phase of the Higher Education Development Programme (HEDP).

Photo: Vietnam+

This phase aims to modernise higher education and meet the demand for high-quality human resources, serving the country’s industrialisation and modernisation.

Speaking at the ceremony, SBV Governor Nguyen Van Giau spoke highly of the WB’s efforts in supporting Vietnam’s education development, especially tertiary education.

The governor requested relevant ministries and agencies mobilise all resources to implement the second phase of the programme, laying a firm foundation for the design and implementation of the third phase.

The first phase of the US$150 million three-phase programme, which was launched on November 26, 2009, has helped the Ministry of Education and Training formulate several important policies to improve management methods and regulations at universities.

VNN/VOV/VNA