The new law states that the establishment of every foreign-owned university requires at least 44.3 million USD in investment capital. This new minimum rate is triple the previous rate. Moreover, more selective criteria have been applied for lecturer and supervisor recruitment. All eligible lecturers must be in possession of at least a master's degree and at least 50% of the supervisors at each university have to be doctors. The Ministry of Education and Training will now be the ones who determine language proficiency, instead of using European-standard certificates.
Fulbright and RMIT are among Vietnam's first foreign-owned universities, with Fulbright's investment capital reaching 70 million USD.
