The Korean government has given a USD1.8 million grant to Vietnam to establish the ASEAN Cyber University.
The Korean government has recently also provided USD4.7 million through KOICA for construction of a vocational training school in Quang Tri Province (Illustration photo)
The money will be dispensed by the Korea International Co-operation Agency (KOIKA).
Quach Tuan Ngoc, the director of the Informatic Department at the Ministry of Education and Training, and Lee Wook Heon, KOIKA in Vietnam's chief representative, signed a memorandum of understanding on the non-refundable loan in Hanoi this morning.
"Extension of e-learning and e-training systems will not only contribute to reforming the education environment and human-resource training but is a symbol of the tight co-operative relations between Korea and Vietnam as well as Korea and ASEAN," Lee said.
As part of the project, the Hanoi Technology University will develop an e-learning and training and facility support centre.
The university project comes under the framework of a co-operation deal between Korea and ASEAN countries that include Cambodia, Laos, Myanmar and Vietnam.
Vietnam meanwhile will support other countries acting within the technology hub.
KOIKA said Vietnam had the most advanced informatic and technology infrastructure among the four countries.
More than 20 percent of Vietnam's State Budget is spent on education.
It is hoped the project will raise training standards and boost e-learning in ASEAN. The ASEAN Cyber University project was initiated at the Korea-ASEAN Summit in 2009.