Billionaire Nguyen Thi Phuong Thao revealed that she will spend most of her fortune to serve the community, explaining the reason for donating $200 million to British University instead of Vietnam.
In November 2021, billionaire Nguyen Thi Phuong Thao caused a stir in domestic and foreign press when she signed a Memorandum of Understanding (MoU) to donate £155 million (more than $200 million) to Linacre University.
Notably, Linacre’s side said: “After receiving our first donation of £50 million, we will seek permission from the Privy Institute to rename the school from Linacre College to Thao College in recognition of this landmark gift.”
According to the introduction, Linacre College is a member school of the University of Oxford, is a multidisciplinary school with about 50 PhD students and 550 postgraduate students, most of which come from abroad (133 countries). In particular, this school has a very strong view on the environment, being a “green university” among the member schools of the University of Oxford through a number of environmental initiatives over the years, especially reduce carbon emissions into the environment. So, in its announcement, Linacre College mentioned that SOVICO Group has also committed all of their subsidiaries to net zero carbon by the end of 2050.
Although many questions were asked, at that time, Ms. Thao did not speak up to provide any more information about this charity. It was not until a recent interview with Forbes magazine that Vietnam’s only female billionaire first shared the purpose of the grant.
Ms. Nguyen Thi Phuong Thao and Professor Nick Brown – Rector of Linacre University signed a memorandum of understanding for cooperation and sponsorship. Photo: Knowledge online.
According to Ms. Thao, Oxford University is the cradle of knowledge, donating money to the university is the best opportunity to bring the value of your contribution faster and closer to the human community, including the people of Vietnam. She also considers it a blessing to be able to play a part in the development history of a world-famous university.
However, many people ask why this investment is not for a domestic university? President Sovico explained, Vietnam can completely build a modern university, however The biggest “obstacle” point is that there is no academic research environment and can not become an ideal environment to bring applied research into practice. Therefore, it is difficult to become a place to attract the world’s leading professors and scientists.
“How do we make the contribution create the best value, have the greatest impact, bring the best effect. Without me, there will be others. The beneficiaries are the education system, the community including the brand of our country”she expressed.
In particular, billionaire Nguyen Thi Phuong Thao revealed a plan spends most of his fortune serving the community. Projects like the Oxford University donation are part of that program.
In the list of world billionaires in 2022 just announced by Forbes, Ms. Nguyen Thi Phuong Thao continues to be the only female representative of Vietnam. This is the 6th time President Sovico has appeared in this ranking. The female billionaire currently holds the role of Vice Chairman of the Board of Directors of HDBank, Vice President and CEO of VietJet Air, with total assets of 3.1 billion USD, an increase of 300 million USD compared to last year.
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