09 March 2012

ASEAN Scholarship on Business and Technology

ASEAN Scholarship
Promising students who want to pursue their studies in business and technology can now avail of a scholarship grant offered by the ASEAN Business Advisory Council (ASEAN-BAC). In line with the Cha-am Hua Hin Declaration on Strengthening Cooperation on Education to Achieve an ASEAN Caring and Sharing Community, the scholarship is encouraging regional cooperation in selected ASEAN universities.

According to the statement released to the press on 16 February 2012, the ASEAN-BAC scholarship program aims to foster"ASEAN youths with ASEAN hearts" and is a way for the private sector of ASEAN to continually contribute to the enhancement of"People-to-People Connectivity" (P2P). The deadline of the scholarship application is 31 May 2012.

This initiative received full support from ASEAN leaders when ASEAN-BAC presented it as a key recommendation during its annual dialogue session with ASEAN Leaders on the sideline of the 19th ASEAN Leaders Summit in Bali, Indonesia.

As a start, ASEAN-BAC has agreed to work with Tan Tao University (TTU) in Viet Nam to offer scholarships for 50 students from ASEAN Member States worth up to 27,500 U.S. dollars per student, in the 2012 and 2013 school year.

It is hoped that this pilot project between ASEAN-BAC and TTU will spur other universities in the region to offer similar programs for students ASEAN-wide.