On November 4th 2021, the event handing over Memorandum of Understanding between Vietnam and France takes place under the witness of Vietnamese Prime Minister Pham Minh Chinh and leaders of ministries, agencies of the two countries at the Vietnam - France Investment Forum. The two countries agreed to increase the exchange of high-level delegations, strengthen cooperation in all fields; closely coordinate in regional and international affairs.

At the event, the investors from Vietnam, France and Europe agree to implement the project of the first European standard management university (EMU) in Vietnam. The investment proposal to establish a European standard management university in Vietnam is currently receiving active support from the European Union, France, Belgium and Italy. In September 2017, the project received an investment commitment from the European Union; In March 2018, the project was supported in the joint statement of Vietnam - France on the occasion of the visit of General Secretary Nguyen Phu Trong and the high-ranking Vietnamese delegation to the French Republic. By June 2021, the European Ambassador to Vietnam sent a note to the Ministry of Planning and Investment requesting support for the project. The Ambassadors of Europe, France, Belgium and Italy had a meeting and discussed with the Leaders of the Foreign Investment Agency about assisting project investors in preparing investment documents in accordance with the provisions of the Law of Vietnam.

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- Mr. Jean Louis Pare - ESCP Business school, Director of Euro Asia Edu (company representing European shareholders of the EMU)
- Mr. Bruno van Pottelsberghe - Dean of Solvay Brussels
- Mrs. Bùi Thu Hương - IDS Equity Holdings, EMU Project Associate

The leading European universities include: ESCP business school, Paris Dauphine university, IAE de Paris school of Sorbonne university, IESEG and KEDGE business schools (France), Solvay business school of Libre de Brussels University (Belgium), Bologna business university (Italy), European Foundation for Management Development (EFMD), OpenAsia Group and Vietnamese investor IDS Equity Holdings have made efforts to negotiate and exchange ideas. Currently, the main contents of the project proposal have been basically agreed to complete the dossiers to ministries and agencies for approval of the Government of Vietnam in accordance with the law.

EMU will be a non-profit university, not paying dividends but spending all of its revenue to reinvest in improving the quality of its programs and facilities. The total investment of the project will range from 70 million to 100 million USD to build and operate two university campuses in Hanoi and Ho Chi Minh city.