RMIT University backs Vietnam with new $250m strategic investment fund

June 13, 2023

RMIT invests $250 million in education, research, partnerships and campus infrastructure in Vietnam.

Last week, in the presence of Australia’s Prime Minister, the Honourable Anthony Albanese MP, RMIT University announced the next phase of its Country Commitment to Vietnam, including a AUD $250 million strategic investment fund.  

This fund will see RMIT invest in education, research, partnerships and campus infrastructure, as Vietnam’s leading international university, contributing to the country’s social and economic goals.    

The first outcome of this fund will be RMIT’s Hanoi Industry and Innovation Hub, creating a gateway between local Vietnam-based partners and international expertise.  

The Hub will support collaboration between Hanoi’s communities, Government and industries on key priorities, including smart and sustainable cities, regional collaboration, emerging technologies, and social innovation.  

In addition to RMIT’s renowned undergraduate and postgraduate offerings, the Hub will cultivate a higher skilled and more adaptive workforce through short-form education solutions and workforce training. 

“As Australia’s largest higher educational institution in-country and recognised as the exemplar of international education in Vietnam, we’re proud of the contribution that RMIT has made to Vietnam over the past 23 years,” said RMIT Vice-Chancellor and President, Professor Alec Cameron.  

“Education has the power to transform lives, communities and economies, so we’re committed to partnering with Vietnam for the long term, to support its rise to a high-income country by 2045.”    

In the 50th year of diplomatic relations between Australia and Vietnam, this significant investment by RMIT will play a key role in supporting the ambitions of the Australia-Vietnam Enhanced Economic Engagement Strategy to double two-way investment between our two countries. 

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