Phenikaa Group launches a university and an innovation foundation

November 26, 2019 - 18:57

Phenikaa Group launched its university and innovation foundation in Hà Nội on November 26.

From left to right: Phạm Thành Huy, dean of Phenikaa University, Vũ Đức Đam, Deputy Prime Minister, Hồ Xuân Năng, chairman of Phenikaa Group and a representative of   the Ministry of Science and Technology attend the launch ceremony of  Phenikaa  Univiersity in Hà Nội. — Photo Minh Hương 

HÀ NỘI — Phenikaa Group launched its university and innovation foundation in Hà Nội yesterday.

Hồ Xuân Năng, the group's chairman, told Việt Nam News: “The launch marks the three main pillars of the group for business, education and training and scientific research.”

Phenikaa University was formerly known as Thành Tây University, and became a member of the group in 2017. Năng said the university was part of the group's contributions to the development of human resources in Viet Nam in order to make breakthroughs in science and technology.

Aiming to provide international standard teaching, the group has signed a comprehensive education co-operation agreement with the US-based Andrews University.

The partnership will provide learning opportunities through internationally-certified training curriculum in the majors of business administration, nursing, and aviation technologies. They will also work on joint research on business administration training; develop teacher training programmes, and a training curriculum for the Phenikaa inter-level international school. 

Năng, who is also chairman of the university and the foundation, shared: “With a sense of responsibility to the development of the country, the group decided to make not-for-profit investments in education and science and technology development.”

Following the philosophy of “Respect – Innovation – Critical Thinking”, the university has set its sights on becoming one of the top 100 universities in Asia in 20 years.

Also at the event, the group announced it would spend VNĐ1 trillion (more than US$43 million) on the Phenikaa Foundation to create an incubator environment, and develop talents, encourage innovation, and pursue and realise novel ideas from scientists and start-ups in Viet Nam.

The group has signed an MoU to further improve the technology research with the Office of National Science and Technology Research Programs of the Ministry of Science and Technology.

Established in 2010, with core business operations in industrial manufacturing and technology, education and scientific research, Phenikaa Group is mostly known for its listed firm Vicostone, one of the world’s leading firms providing high-quality quartz-based engineered stones. The group has also expanded into the hi-tech, smart and automated products sectors.

As a local firm, Phenikaa Group has over 20 subsidiaries operating in and outside the country, including the US and Canada. — VNS