The project, which will be built in three phases on 6.5 hectares and on a total investment of US$70 million, is expected to accommodate 7,000 full-time students upon completion.

The $25-million first phase will cover nearly three hectares and is scheduled to become functional by the end of 2017.

The school's second campus, just 12km away from the Ha Noi's centre, will also accommodate a sports and entertainment complex, which will be open not only to its students but also to residents in its vicinity.

"Educational institutions need to grow sustainably. Apart from imparting knowledge and critical thinking skills, we are also committed to offering Vietnamese students professional working skills to keep pace with the global employment market," BUV's Dean Christopher Jeffery said during a press conference held ahead of the ceremony.

"The Ecopark new campus construction shows BUV's commitment to promoting sustainable development in Viet Nam. We are aiming to recreate the modern, supreme teaching environment in UK schools here so that Vietnamese students can obtain a world-class, highly regarded training and education right here in their home country."

"The Ministry of Education and Training stated that 60 per cent of graduates need retraining at workplaces. Through our partnerships with the University of London and Staffordshire University, we guarantee that zero per cent of graduates will require retraining," Jeffery added.

According to the school's officials, the new campus is designed not only for local students but also for international students who will like to experience Vietnamese culture whilst gaining exactly similar training courses as in the UK.

With its major focus on business, BUV is the first international university in Viet Nam to get the Ministry of Education and Training's approval to conduct full-time degree programmes: B.A. in Finance and in Economics.

Vietnam News - May 25, 2015