Fulbright University granted land rental exemption in HCMC

FUV's construction plan was first approved by the Prime Minister in 2014.

In 2016, the SHTP allocated 15 ha of land to FUV rent-free for 50 years. However, a subsequent review by the State Audit Office in 2018 concluded that the arrangement was not appropriate for the project’s intended use, determining the rent owed to be over VND241 billion ($9.4 million).

Duong Ngoc Hai, permanent vice president of the HCMC People’s Council, highlighted FUV’s significance as a symbol of normalized relations between Vietnam and the U.S. He also noted that the institution is recognized as an international-standard university, contributing to the city’s educational and scientific research advancements.

Based on the Prime Minister’s decision designating the university as a non-profit initiative, FUV qualifies for special policies under current regulations, including the exemption from land rent, he added.