Disclosable Restructuring Paper - Vietnam New Model University Project - P110693

The second restructuring in November 2017 extended the project for an additional 36 months to November 30, 2020, revised the Result Framework (RF) and revised categories of expenditures and changed component cost, changed institutional implementation arrangements, updated the procurement procedures, and changed the frequency and due date of interim unaudited financial reports. [...] By June 2019, given the continuous efforts by all stakeholders, the project made a turn-around with signing of a Joint Declaration of Intent on Vietnam German University (VGU) development and expansion in April 2019, between the Ministry of Education and Training (MOET) and Federal Ministry of Education and Research of the Federal Republic of Germany and the State Ministry of Higher Education, Res [...] This was a major step forward that led to the signing of the Agreement on September 23, 2020, increasing the likelihood of the project fully achieving its development objectives by the project closure. [...] There are three decision making bodies inside the university: (i) The University Council as the highest decision-making body guiding and controlling the presidential board (PB); (ii) the Senate4 as the highest inner decision-making body of the university and (iii) the Faculty Council as the decision making body at the faculty level. [...] It consists of the dean and vice deans of the faculty and elected representatives of each group of lecturers, administrative employees, technical employees, Research and Teaching Assitants (RTAs) and students.