Under the MoU, the two sides will establish a joint venture company which will provide training in shipping services and logistics. STC-Group will provide educational infrastructure based on the international standards of the shipping and logistics sector, and share experiences in international education and human resource training.

The group will also support Ba Ria-Vung Tau University in running the company for five years, establish new research methods to receive important orders from other partners in this industry as well as providing consultancy for design and construction.

Ba Ria-Vung Tau University will be responsible for administrative formalities, and ensuring material facilities of classes are in conformity with international standards. STC-Group is a global leader in education for operations and management positions in the fields of shipping, transport and logistics.