Overview

Overview

Luong Van Can Fund was established as a non-governmental, non-profit organisation under Decision no: 4561-QD-UBND dated 12 September 2014 by the Ho Chi Minh City People’s Committee. On the 10th of April 2015, Luong Van Can Fund officially announced its establishment and publicized its philanthropic activities.
Luong Van Can Fund aims to develop a new generation of highly skilled professionals beneficial for Vietnam’s social and economic growth. Through its fundraising efforts, Luong Van Can Fund endeavors to provide post-graduate scholarships for outstanding Vietnamese students to study in countries with world-class education systems. Furthermore, the Fund will dedicate a portion of its budget to the provision of scholarships for students with disabilities, students with lower-income backgrounds, and students that live in isolated areas to pursue higher education within the country.
The advisors of The Fund consist of scholars and experts in the field of academic who share the objective of Luong Van Can Fund to nurture young talent. The main sources of funding consist of corporations operating within Vietnam, individuals from both in and outside the country, as well as scholarships and tuition waivers granted by both national and international universities.
The foundation is named after Luong Van Can, a Confucian scholar, who acknowledged the perils of root learning and the prevalent examination-oriented education system. This motivated Luong Van Can to dedicate himself to the propagation of revolutionary ideas and the development of the people’s intellectual standards in his efforts to bring prosperity to the people and strengthen the nation. In addition to his role as a teacher, Luong Van Can was also a savvy businessman. His book, entitled “Kim co Cach ngon’ (Maxims for All Ages), discusses “the morality of wealth creation” for Vietnamese people, asserting that businesses should be run with virtue, integrity and morality and that “honesty is the secret of success for any business person”.

Vision - Mission

Vision
A highly-skilled, experienced work force committed to contributing to the community and meeting the country’s developmental needs.

Mission
Luong Van Can Fund, together with individuals and institutions from in and outside Vietnam, provides opportunities for Vietnamese youth who are motivated, talented, dedicated, and who wish to contribute to their nation to pursue higher education. Luong Van Can Fund works with leaders at government agencies, organizations, companies, and schools to provide scholarships for qualified individuals to study at and gain exposure to world-class education systems .

Objectives
Every year, Luong Van Can Fund aims to provide national and international scholarships (full and partial) for students and youth that meet its criteria.
In its early stages, Luong Van Can Fund will provide scholarships for postgraduate programs (Master, PhD) at international universities and cooperate with qualified universities worldwide. Subsequently, the foundation will expand its scope to include other educational programs, in collaboration with both domestic and international universities. Within Vietnam, Luong Van Can Fund will provide scholarship support to students from under privileged backgrounds. Specifically, during the academic year of 2015 – 2016, Luong Van Can Fund will strive to provide 10 postgraduate scholarships for students to study abroad and 20 scholarships to study at domestic universities.

Values
Integrity and transparency.
The activities of Luong Van Can Fund, including selection procedures, sponsorships and collaborative efforts with our partners, will be publicized on our website.
When necessary, international volunteers and representatives from major sponsors will be invited to oversee the activities of the Fund.

Who is Luong Van Can?

Luong Van Can, also known as “On Nhu”, was born in the Year of the Tiger (1854) in Nhi Khe village, Thuong Tin District, Ha Dong Province (now Hanoi City).
At the age of 21, he received his Bachelor’s Degree and in the following year was offered a teaching position at Hoai Duc District Education Office by the feudatory government, but he refused the offer. Similarly, he declined an offer extended by the French colonial authorities to join the Hanoi City Council as a member, choosing instead to spend his life working as a private teacher at home.
As a Confucian scholar, he soon realised the perils of root learning and the prevalent examination-oriented education system. This motivated Luong Van Can to dedicate himself to the propagation of revolutionary ideas and the development of the people’s intellectual standards in his efforts to bring prosperity to the people and strengthen the nation. In 1907, together with his friend Nguyen Quyen and a number of modernist Confucian scholars, he established the Dong Kinh Private School and served as its headmaster.
In addition to his role as a teacher, Luong Van Can was also a savvy businessman. In his book, entitled “Thuong hoc phuong cham” (Proverbs in Business), Luong Van Can outlined the dismal state of the country’s economy. He identified that the domestic economy suffered from a deficiency of merchandise and organized trade, a lack of practicality and an absence of respect for trade. He believed that Vietnamese businesses should be run with virtue, integrity and morality and that “honesty is the secret of success for any businessperson”, a belief that is outlined in his book entitled “Kim co Cach ngon" (Maxims for All Ages), one that is widely utilized as a business reference book.
Today, millions of people do business in Vietnam, bringing countless products - many unique and valuable to Vietnam - to the world market and thereby contributing to national economic growth. Nevertheless, many in the business community continue to operate their businesses purely for profit: compromising their integrity, risking proper quality standards and disregarding social responsibility. Not only does this adversely affect the domestic business environment, these behaviors also set a bad example for the Vietnamese youth.
Consequently, Luong Van Can Fund was founded in the spirit of the scholar Luong Van Can, with the goal of developing a new generation of highly skilled professionals, who will make positive contributions to Vietnam’s economic growth with their talents and dedication.